Key facts
- 100.02 Bitcoin mined in July 2010 moved on October 7.
- The moved Bitcoin was worth approximately $8.3 million at $83,000 per coin.
- The coins were split into two new bc1q addresses, one with 10 BTC and the other with 90.02 BTC.
- The transaction fee paid was 1,467 satoshis, equivalent to about $1.22.
- The address holding these coins had previously sent out 100 BTC in 2015, 100 BTC in 2017, and 249 BTC in 2018.
A significant batch of 100.02 Bitcoin, mined during the early 'Satoshi-era' in July 2010, was moved on Wednesday for the first time in 16 years. The transaction, confirmed on October 7, saw the coins, valued at approximately $8.3 million based on an $83,000 per Bitcoin price, split into two new addresses.
The coins originated from two separate payouts merged into a single transaction on July 30, 2010. One payout was 50.02 BTC from block 70,522 on July 26, 2010, and the other was 50 BTC from block 70,748 on July 28, 2010. The holder paid a transaction fee of 1,467 satoshis, equivalent to about $1.22, to move the $8.3 million worth of Bitcoin. The destination addresses are modern bc1q formats, which did not exist when the coins were mined.
Galaxy Research confirmed that while the address holding these specific coins had been active in the past, these particular coins had remained untouched since 2010. The address had previously sent out 100 BTC in August 2015, another 100 BTC in December 2017, and 249 BTC in March 2018, indicating that Bitcoin is tracked as individual chunks.
This movement follows a trend of dormant Bitcoin wallets becoming active. In February 2025, a 50 BTC batch from around 15 years prior moved, then valued at $5 million. In August, 49.97 BTC received in July 2011 moved and was sent to a wallet labeled by blockchain analytics platform Arkham as FalconX. Between August 16 and 26, six wallets dormant since 2011, 2012, or 2014 moved a total of 553.59 BTC, approximately $40 million. Two of these wallets were linked to a New York lawsuit concerning abandoned property.
As of Thursday, the 10 BTC and 90.02 BTC remained in their new addresses, with no further transactions recorded.