Several ancient Bitcoin addresses are suddenly waking up after more than 15 years and moving hundreds of BTC.
Whale-watching bot Whale Alert reports the abrupt awakening of five long-dormant Bitcoin wallets that moved on Friday a total of 250 BTC worth more than $15.9 million at time of transfer.
According to digital asset tracker Lookonchain, the five wallets are connected to Bitcoin miners and each received 50 BTC in January or February of 2009.
“Please note that many miner wallets dormant for more than 15.5 years are transferring BTC… These wallets received 50 BTC as mining rewards per block back in 2009.”
According to Bitinfocharts, one of the ancient Bitcoin wallets first received 50 BTC on February 2nd, 2009 and just moved them Friday for a profit of $3.17 million.
Another wallet received 50 BTC on January 31st, 2009, and transferred the coins Friday at a $3.17 million profit.
A third wallet also received 50 BTC on January 31st, 2009, and transferred them on Friday at a $3.18 million profit.
A fourth wallet received 50 BTC on January 31st, 2009, and transferred the coins on Friday at a $3.18 million profit.
The fifth wallet received 50 BTC on January 29th, 2009, and moved the coins Friday at a $3.18 million gain.
Bitcoin was trading well under $0.01 in 2009, suggesting that the long-dormant wallet holders made profits of more than 8,000,000,000%.
Bitcoin is trading for $63,104 at time of writing, up 17.5% in the last two weeks.
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Generated Image: Midjourney