Decade-Old Bitcoin Wallet Stirs Up Excitement with Rare Transaction on Bitcoin Pizza Day Anniversary

Decade-Old Bitcoin Wallet Stirs Up Excitement with Rare Transaction on Bitcoin Pizza Day Anniversary

A dormant bitcoin wallet from 2010 comes out of hibernation on Bitcoin Pizza Day, making a transaction of 50 BTC worth $1.33 million and revealing privacy issues.

As Bitcoin (BTC) enthusiasts commemorate Bitcoin (BTC) Pizza Day, marking the 13th anniversary of Laszlo Hanyecz’s acquisition of two pizzas for 10,000 BTC on May 22, a dormant sleeping Bitcoin (BTC) wallet from July 2010 has made a transaction of 50 BTC after almost 13 years.

Bitcoin (BTC) Wallet From 2010 Comes Out of Hibernation on Bitcoin (BTC) Pizza Day

On Monday, May 22, 2023, Bitcoin (BTC) supporters are observing the historic occasion when software programmer Laszlo Hanyecz traded 10,000 BTC for two Papa John’s supreme pizzas. Valued at $266 Million at current exchange prices, Hanyecz has repeatedly indicated that he has no regrets about the decision.

Coinciding with the 13th-anniversary celebrations of Bitcoin (BTC) Pizza Day, a long-time Bitcoin (BTC) holder opted to spend 50 BTC from an address established on July 12, 2010. The original acquisition transaction took place just 51 days after Hanyecz utilized his 10,000 Bitcoins and the coins are now worth $1.33 Million according to current BTC exchange rates.

Coinmints $150M Fraud Scheme Exposed: Shocking Details Inside

Throughout in the year, there have been numerous instances of block reward expenditures from 2011 or inactive Bitcoin (BTC) addresses from thereafter years; on the other hand, only four transactions involving block bonus from 2010 have took place in 2023 thus far. The block subsidy spent by the address “1B67K” likewise includes 50 Bitcoin (BTC) cash (BCH), which remains untouched today with a value of $5,736.

The transfer was found to lack privacy by Blockchair’s privacy tool, revealing “critical” issues that could lead to address tracking. A “critical” rating signifies that Blockchair identified aspects that significantly compromise the privacy of those involved — for instance, matched addresses were detected in the 50 BTC transaction made on Monday.

$400M Bitcoin Withdrawn From Exchanges spotted the transaction from 2010 on its chain parsing platform and there is been 3 other exchanges from the same year: one occurring on March 20, 2023, another taking place on February 1, 2023, and another that happened on April 22, 2023. Prior to the February instance, a previous transfer involving a 2010 block subsidy took place on December 30, 2022. Data from late 2022 and early 2023 reveal that transactions from 2010 have become increasingly scarce.


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