100 Bitcoin Mined in 2010 Moves After 16 Years, Now Valued at $8.5 Million
- A total of 100.02 BTC mined in July 2010 was transferred after remaining unspent for over 16 years.
- The coins were traced back to two mining rewards from the same month, each worth 50 BTC.
- The wallet address had previously spent other bitcoins between 2011 and 2018, indicating some activity.
- Galaxy Research noted that while the address has been somewhat active, these specific coins had not moved since their creation.
- In contrast, Galaxy confirmed selling over 80,000 BTC for an early investor in July as part of an estate-planning strategy.
This transfer highlights the long-term holding behavior often seen in Bitcoin mining, with many coins remaining untouched for years due to various factors such as UTXOs (unspent transaction outputs). The recent movement of this specific Bitcoin raises interest regarding historical transactions and market dynamics.
The recently moved 100 BTC, now valued at $8.5 million, showcases the potential value of early mined coins that have remained dormant for over a decade.
