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After 11 years of dormancy, a Bitcoin wallet belonging to a miner, dating back to the Satoshi era in 2010, has come back to life.
This entity suddenly became active on August 7 and transferred 250 BTC, worth approximately $13.95 million, to five new wallets.by popular on-chain tracker Lookonchain, the wallet originally earned 250 BTC through mining in May 2010 when Bitcoin was hovering below the $1 mark. Notably, the entity sits on an unrealized profit of over $14 million in 2024.
The latest transfer saw the earnings being distributed across five separate wallets, with amounts ranging from 10 BTC to 60 BTC each. The unexpected activation of this long-dormant address has sparked curiosity and speculation. Seeing dormant wallets come back to life isn’t entirely new. In fact, several from the Satoshi era – the period between 2009 and 2011 when Bitcoin’s pseudonymous creator was involved – have displayed significant activity.50 BTC, which was valued at around $3.05 million at that time, to the Binance crypto exchange. As reported byThe latest activity comes as bitcoin struggles to regain ground.
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