Sleeping Bitcoin Stash Awakens After 10 Years
On December 7, 2023, a dormant stash of 50 bitcoins (BTC) that had been inactive for over a decade suddenly became active. This movement of the so-called “sleeping bitcoins” was detected by the blockchain parsing platform btcparser.com. Similar to the activity observed on December 4, where 20 blocks were utilized, the original address divided the funds between two separate Pay-to-Script-Hash (P2SH) addresses.
The Origin and Transaction Details
The originating address, known as “18JkK,” was established in July 2010. It transferred 1 BTC to the address labeled “32Xas” and 48.99 BTC to “3DD4X.” However, the transaction lacked privacy, receiving a low privacy score of 5 out of 100 from Blockchair’s privacy analysis tool.
Value and Rarity of the Transaction
Although the transfer of 50 BTC may seem modest compared to the 1,000 BTC moved on December 4, its current value of $2.18 million is remarkable. This is especially significant when considering its worth of just $15 back in July 2010. Additionally, instances of moving bitcoins from 2010 have become scarce in 2023, with more frequent sightings of bitcoins from 2012.
The Significance of the Block Reward
This specific block reward, numbered 69,986, hadn’t been moved for over a decade. It’s worth noting that it wasn’t part of the block rewards allegedly linked to Bitcoin’s creator, Satoshi Nakamoto. Satoshi was active during July 2010 but left the community in December of that year.
Hot Take: Rediscovering Ancient Bitcoin Fortunes
As time passes, we continue to witness the reawakening of “sleeping bitcoins” hidden away for years. It’s a reminder that Bitcoin’s history still holds untapped potential and hidden fortunes. The recent movement of older bitcoins highlights their scarcity and the growing interest in these ancient digital assets. Every new discovery adds excitement to the world of crypto, inviting speculation about the story behind these long-dormant fortunes.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.