• The Informer Post
  • Posts
  • $15,000,000 in Bitcoin Just Moved After Lying Dormant for 10 Years

$15,000,000 in Bitcoin Just Moved After Lying Dormant for 10 Years

November 08, 2020

Fifteen million dollars in Bitcoin that were mined all the way back before Satoshi Nakamoto went silent just came to life after lying dormant for over a decade.

According to blockchain data monitoring bot BTCparser, 1,000 Satoshi-era Bitcoin created in 2010 were transferred on November 7th in 20 separate transactions worth 50 BTC each.

A closer look at the transfers reveals that the owner of the BTC in question sent the coins to a wallet address with a history of two transactions. The wallet involved subsequently emptied its trove through a flurry of transactions, according to Blockchain.com.

The most recent transfer is the fourth batch of early-stage Bitcoin to move this year.

In October, $12 million in BTC suddenly moved after 10 years of inactivity, sparking discussions about whether the anonymous Bitcoin creator Satoshi Nakamoto initiated the transfer. In the same month, 50 BTC created back in 2010, when mining rewards were still in their initial stage of 50 BTC per block, was moved and believed to have been transferred to crypto exchange Bitifinex. In May, 50 BTC mined from February 2009 suddenly came to life after staying dormant for 11 years.

Crypto intelligence firms and independent researchers have tried to track the movements of any Satoshi-era BTC in an effort to determine whether Nakamoto could be behind the transactions. Analysts looking at blockchain data believe that Nakamoto is responsible for mining a total of one million BTC.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.