Early Bitcoin Miner from 2009 Moves BTC to Kraken After Years of Inactivity
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
An early Bitcoin miner from 2009 has resumed activity after ten years of dormancy, transferring 15 BTC to Kraken in recent weeks.
On-chain data from Arkham Intelligence shows that this Bitcoin whale started moving assets to Kraken three weeks ago. The wallet holds Bitcoin mined just a month after the network’s launch in January 2009, when Bitcoin’s anonymous creator, Satoshi Nakamoto, was active.
ANCIENT BITCOIN WHALE JUST SENT BTC TO KRAKEN
A Bitcoin whale holding $77M BTC mined in Bitcoin’s FIRST 2 MONTHS just moved 5 BTC to Kraken.
In his address this whale still holds 1215 BTC ($77M).
His Bitcoin had been mined in 2009, in February and March – 1 MONTH after… pic.twitter.com/ZNo93P4AbQ
The whale sent 10 BTC to Kraken in three separate transactions about three weeks ago. On Tuesday, an additional 5 BTC, valued at over $300,000, was transferred. Before these activities, the wallet had been inactive since 2014.
Between 2011 and 2014, the owner initiated several transactions, transferring Bitcoin to other wallets and exchanges. The 10-year transaction hiatus intrigued many observers, especially considering the increase in the value of its Bitcoin holdings—from $474,000 to over $80 million.
This is not the first time Bitcoin wallets will become reactivated after many years of dormancy.
Last week, five Satoshi-era wallets moved $16 million worth of Bitcoin after 15 years of inactivity.
In June, another Bitcoin wallet that had been dormant for 14 years transferred 50 BTC to Binance. The wallet was believed to belong to a miner who received
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