Overview
- 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.