Early Bitcoin Miner Reactivates Wallet After 14 Years, Moves $3 Million Worth of BTC

The movement of 50 bitcoins from the 'Satoshi era' highlights rare activity from wallets dating back to the early days of the cryptocurrency.

An early Bitcoin miner transferred 50 BTC, valued over $3 million, to two different wallets, marking the end of a 14-year dormancy.
The transferred bitcoins, mined in April 2010, were part of the initial rewards when Bitcoin was newly launched and valued at just a few dollars.
Some of the transferred bitcoins were subsequently sent to the cryptocurrency exchange Coinbase, indicating possible liquidation or consolidation of assets.
This transaction is part of a broader trend of rare movements from 'Satoshi era' wallets, which have seen increased activity since early 2023.
The reactivation of these long-dormant wallets is closely watched for insights into the behavior and investment strategies of Bitcoin's earliest adopters.