A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday

While the price of bitcoin is holding above the $21K per unit range, four bitcoin block rewards mined in 2010 were spent for the first time in over 11 years. The four block rewards were mined between September and October 2010 and the 200 bitcoin worth $4.27 million were transferred to an unknown wallet.

A large number of so-called ‘sleeping bitcoins’ have awoken from slumber as four block rewards were spent at block height 742,183. The old coins spent on Friday were block rewards mined on September 15, 16, 26, and October 29, 2010. During that time frame, bitcoin miners received 50 BTC for every block found in contrast to the 6.25 BTC per block reward miners get today. Blockchain explorers show the 200 virgin bitcoins were sent to a single address (bc1q92) and the coins remain idle at the time of writing.

Source

@CryptoWorldAnalysis

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