Bitcoin Mined in 2010 Moves for First Time in 16 Years, Worth 1.3 Billion Yen

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Summary · why it matters

100.02 BTC of Bitcoin mined in July 2010 moved on the 7th for the first time in about 16 years. At the time of the move it was worth about 8.3 million dollars, equivalent to roughly 1.3 billion yen, having risen about 286,000 times from about 29 dollars at the time of mining. The transfer was confirmed at 18:52 UTC on the 7th in block 970,379, and the Bitcoin was split into 10 BTC and 90.02 BTC and sent to two new addresses, with a fee of 1,467 satoshis, about 1.22 dollars. The destination was a bc1q-format address that did not exist at the time of mining, and while the originating address had sent other coins four times between 2015 and 2018, Galaxy Research, which tracks coin movements, says these coins had not moved since being deposited on July 30, 2010. The owner cannot be identified from the move, and a transfer between addresses does not necessarily mean a sale.

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100.02 BTC mined in 2010 moved for the first time in 16 years, but the article states a transfer does not necessarily mean a sale and gives no clear directional cause.