Bitcoin from the Satoshi Era Worth $8.3 Million Moved After 16 Years

A batch of 100.02 bitcoins mined in July 2010 was moved on October 7, 2026, for the first time in 16 years. At the time of the transfer, the value of these bitcoins was approximately $8.3 million, or about $83,000 per bitcoin. The coins were split into two parts – 10 bitcoins and 90.02 bitcoins – sent to two new addresses. As of Thursday, both addresses remained unused: there is no data on the owner in the blockchain and no signs of sale. Moving coins between addresses is not equivalent to selling them.

The transfer occurred amid activity from "dormant" wallets – addresses from which funds have not been sent for years. Six such wallets moved 553.59 bitcoins from August 16 to 26. These specific bitcoins were mined in blocks 70,522 and 70,748: one provided 50.02 bitcoins, the other 50. Both payments were combined into one transaction on July 30, 2010, after which they remained in the account until now. A fee of 1,467 satoshis – about $1.22 for transferring an amount of $8.3 million – was paid during the transfer. Satoshis are the smallest unit of bitcoin, one hundred millionth of a coin.

At the time of mining in 2010, these bitcoins were worth about $29. According to Galaxy Research, these specific coins have not been moved since 2010, although the address itself had active transactions in the past – including sends in 2015, 2017, and 2018. Bitcoin accounts for receipts in separate parts, so an address can spend some coins while others remain untouched. The successful transaction shows that someone still has access to the coins, but the data does not indicate that they are being sold.