Dormant 2010 Wallets Move 100 Mined Bitcoin Valued at $6.9M

Two Bitcoin addresses containing mining rewards inactive since September 2010 transferred a total of 100 $BTC on Nov. 13, on-chain tracking showed ¹. Whale Alert flagged the initial transfer at 4:08 a.m. UTC, where 50 BTC moved from an address untouched for over 16 years, followed roughly two minutes later by an identical 50 BTC transfer from a second wallet ¹. The transactions carried an aggregate value of approximately $6.89 million at execution prices around $68,800, compared to an estimated collective value of roughly $6 when the blocks were originally mined ¹. At the time of writing, Bitcoin traded around $68,901.

The coins originated from two blocks mined on Sept. 8 and Sept. 19, 2010, respectively ¹. The first transaction split 50 BTC between two addresses—roughly 49.99 BTC to one and 0.01 BTC to another—while the second moved approximately 49 BTC to one destination and 1 BTC to another, incurring network fees of 1,110 satoshis (about $0.75) per transfer ¹. A subsequent transaction combined coins from both origins, pointing to coordinated control by a single entity, though the owner's identity remains unidentified ¹. As of approximately 14:00 UTC on Nov. 13, the funds had not moved again, and no exchange liquidation has been identified ¹.

Long-Term Supply Dynamics

The movement follows a wider pattern of vintage wallets activating throughout 2026 ¹. Galaxy Research recorded that untouched supply from at least a decade earlier moved at an accelerated pace, including a 10-day span where six wallets dating between 2011 and 2014 transferred 553.59 BTC, then valued above $40 million ¹. Although old coin awakenings often spark fears of holder liquidations, analysts have linked multiple movements to custodial migrations, wallet upgrades, or security adjustments rather than outright open-market dumping, aligning with broader metrics tracking on-chain dormancy in older Bitcoin ¹.