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Five dormant Bitcoin wallets moved 250 BTC after 15+ years
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Each wallet mined 50 BTC in April 2010 during Bitcoin’s infancy
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Coins consolidated into SegWit addresses, likely for security or sale
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Power costs for mining were negligible at the time
Historic BTC Movement Surfaces
Five Bitcoin wallets that had been inactive since April 2010 suddenly moved 250 BTC, worth around $29.6 million, into newer SegWit addresses. Each of these wallets originally received 50 BTC as a block reward, marking them as some of the earliest mined coins.
These addresses, characterized by the “1” prefix typical of Bitcoin’s early format, had remained untouched for over 15 years.
Mining Costs Were Minimal
In 2010, Bitcoin traded for about $0.003, meaning the 50 BTC earned per block was worth around 15 cents. Back then, mining was done on standard CPUs and electricity costs were minimal, making the recent transaction a staggering return on investment.
Trend of OG Wallets Awakening
July has seen a noticeable uptick in dormant BTC wallets becoming active. Analysts believe some early holders are moving coins for custodial upgrades or cashing in as BTC hovers near all-time highs. Bitcoin is up 27% year-to-date, trading near $118,480—just shy of its $122,838 peak.
