Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later on November 12, the miner from 2010 returned once again, in order to transfer another string of 20 block rewards from 2010 worth roughly $64 million at the time it was sent.
After Transferring 1,000 Bitcoins 2 Days Ago, the Mega-Whale From 2010 Has Returned Again
Last year, Bitcoin.com News, the members of the Telegram research group GFIS, and the creator of Btcparser.com discovered an extraordinary bitcoin (BTC) whale that spent decade-old block rewards from 2010 in strings of 20 blocks at a time. To date, the whale has transferred a total of 13,000 bitcoins that derived from mined blocks in 2010. Using today’s exchange rates that’s close to a billion dollars ($829M) but this whale transferred the 13,000 during various BTC price ranges.
Today, 20 block rewards from 2010 with 1,000 BTC
were transferred and distributed to multiple addresses.
The day bitcoin (BTC) reached an all-time price high on Wednesday, November 10, the mystery whale returned for the first time since June 9, 2021. Two days later on Friday, November 12, the whale came back to spend another 1,000 bitcoins from a string of 20 decade-old block rewards. These types of bitcoins are referred to as ‘sleeping bitcoins’ because they have not moved from the original address since the day they were mined. There are lots of ‘sleeping bitcoins,’ and onchain researchers love to discover spends from 2009 through 2013 because of the age of these blocks.
For instance, the last 2009 block reward transfer derived from a block mined on February 9, 2009, was last year on May 20, 2020. 2010 block rewards that have been idle for more than a decade are also rare to see spent ten years later, but this particular whale has a large sum of bitcoins mined at that time. So far, this entity has moved 20 block rewards from 2010 on 13 separate occasions (3/12/20 – 10/11/20 – 11/7/20 – 11/8/20 – 12/27/20 – 1/3/21 – 1/10/21 – 1/25/21 – 2/28/21 – 3/23/21 – 6/9/21 – 11/10/21 – 11/12/21).