Bitcoin Accounts That Were 15 Years Old Awakened: 250 BTC Moved
Whale-watching bot Whale Alert reported Friday that 250 BTC worth over $15.9 million was transferred from five different Bitcoin wallets that have been dormant for a long time.
According to digital asset tracker Lookonchain, the five wallets are linked to Bitcoin miners and each received 50 BTC in January or February 2009.
âPlease note that many of the miner wallets are transferring BTC after more than 15.5 years⊠These wallets received a mining reward of 50 BTC per block in 2009.â
According to Bitinfocharts, one of these old wallets first received 50 BTC on February 2, 2009, and transferred them on Friday for a profit of $3.17 million.
Other wallets also bought 50 $BTC in the last days of January 2009 and similarly moved them on Friday for a profit of approximately $3.18 million.
In 2009, the price of Bitcoin was well below $0.01, meaning that these wallet owners made a profit of over 8,000,000,000%.
At the time of writing, Bitcoin is trading at $63,104 and has increased by 17.5% in the last two weeks.
These movements show that early Bitcoin miners and investors are still active in the market and that it is important to monitor the movement of large amounts of cryptocurrency. The re-activation of such wallets, which have been inactive for a long time, is a development that is being followed carefully in the cryptocurrency world.
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