$5 Mining Reward is Now $5 Million from Satoshi-Era Wallet
A Bitcoin wallet that had lain dormant since 2010 has suddenly sprung to life, moving its entire holding of 50 BTC for the first time in 15 years. The long-idle stash was mined when Bitcoin traded for mere cents, but its latest transfer represents nearly $5 million in value at today’s prices. The unexpected awakening of this early “whale” wallet marks one of the rare cases of Satoshi-era coins returning to activity in recent years. 15-Year Dormancy Ends with Multi-Million Transfer Blockchain records show the ancient address (starting with 04ba30) received a 50 BTC mining reward back in July 2010, when Bitcoin’s price was under $0.10. For a decade and a half, those coins remained untouched. That changed this week when the holder finally initiated the wallet’s first-ever outgoing transaction, moving all 50 BTC simultaneously. JUST IN: SOMEONE JUST MOVED 50 #BITCOIN THEY MINED 15 YEARS AGO AT UNDER $0.10 THEY HELD TO $5 MILLION. LEGEND pic.twitter.com/CF29O0FOfY ...