Bitcoin Inactive Since 2010 Shifts - Does This Belong To Satoshi Nakamoto?
2021-02-25 | Eddy Morgan

A miner has cracked open its 2010 holdings of Bitcoin [
BTC], with cryptocurrency analysts spotting 100 BTC being transferred from two wallets that were inactive for
more than a decade.
Prior to today’s
transaction, the addresses had not seen any activity since receiving a 50 BTC Coinbase reward each nearly 11 years ago,
apart from two incoming transactions worth just 0.00000547 BTC each that were sent to the wallets
within the past 6 months.
The 25th Feb. transaction combined
the 2 mining address outputs, indicating both addresses belong to the same owner. The 2 blocks were mined solely
a few hours apart on 10
th June 2010.
Bitcoin is presently trading at a price above $50k, giving the coins a combined value of nearly $5Mln. With BTC trading for $0.08 USD when the coins were mined, the whale’s holdings have
increased in value by 622,500x times.

About
half the coins were moved to a
wallet belonging to German p2p exchange Bitcoin.de, which has been
operational since 2011. For now, the remaining coins are sitting within a newly created legacy address.
Forked altcoins
like Bitcoin Cash [BCH] and Bitcoin SV (BSV)
haven't yet been peeled from the BTC.
The coins, mined in blocks 60365 & 60385, are unlikely to belong to Satoshi Nakamoto, who
is usually recommended to possess mined
a min of 1.1 Mln BTC.
The movement of 2010 era coins is an uncommon occurrence, with researchers identifying just 18
transactions involving Bitcoin with inputs from July 2010 or prior to 2021
thus far.
Earlier in May last year, 50 Bitcoin were shifted from a 2009 mining address, triggering excited
speculation this portion of BTC might belong to Satoshi.
Leave a comment
Your email address will not be published. Required fields are marked *