Dormant for 16 Years: $15.95 Million in Bitcoin Moved from Early Mining Addresses

On September 21, according to Arkham’s monitoring, a substantial movement of Bitcoin was observed, amounting to $15.95 million or 250 BTC. This transfer originated from five distinct addresses that had been inactive since Bitcoin’s inception in January 2009. These addresses, each credited with 50 BTC for mining specific blocks, had remained untouched for nearly 16 years. The blocks in question were 2247, 2401, 2455, 2486, and 2690. This unexpected activity in long-dormant accounts highlights the intriguing and unpredictable nature of the cryptocurrency market.