Huo Xing Finance reports that on September 5, 12 Bitcoin addresses, dormant for over 16 years, transferred a combined total of 600 BTC, worth approximately $48 million. These bitcoins originated from mining rewards in March 2010, when Satoshi Nakamoto was still active on the Bitcoin network. Whale Alert stated that the 600 BTC came from mining rewards across 12 Bitcoin blocks and found no link between these addresses and Satoshi Nakamoto. Previously, Lookonchain identified seven of these miner wallets, which transferred 350 BTC after being dormant for approximately 16.5 years. Whale Alert also noted that one of the mining rewards was moved several blocks earlier than most other transfers, a pattern consistent with conducting test transactions before executing the remaining transfers.
Over 600 BTC, worth $48 million, moved from 16-year-old addresses
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Summary
Today’s BTC news reports that over 600 BTC, valued at $48 million, was transferred from 12 Bitcoin addresses that had been inactive for more than 16 years. The coins originated from mining rewards in March 2010. Whale Alert noted that the funds came from 12 blocks with no direct connection to Satoshi Nakamoto. Lookonchain previously identified seven of these wallets, which moved 350 BTC after 16.5 years. One block reward was sent ahead of the others, suggesting a test transaction prior to the full BTC transfer.
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