Two sleeping Bitcoin addresses moved 100 BTC worth $6.89 million
Two Bitcoin addresses, inactive for over 16 years, moved a total of 100 BTC worth approximately $6.89 million on Friday, November 13. The coins were received by these addresses in September 2010 as mining rewards. According to blockchain explorer Mempool, each reward was initially valued at about $3.
The first transaction occurred at 04:08 UTC: one address sent nearly 50 BTC to one address and another 0.01 BTC to another. Just over 2 minutes later, the second address transferred nearly 49 BTC to one address and 1 BTC to another.
By 04:48 UTC, part of the funds were consolidated at a new address: about 20 BTC from the first transaction and 39 BTC from the second. Another approximately 30 BTC were held at another new address, 10 BTC at a third, and 1 BTC at a fourth. These data reflect the distribution of funds at the time of the original material's publication.
The reason for the transfers, the identities of the address owners, and whether there is a common owner for the two original addresses are unknown.
Old Mining Rewards Moved to New Addresses
According to Mempool, the original coins were sent to P2PK format addresses, one of the early types of Bitcoin addresses. All 4 addresses that received funds after the transfers begin with bc1q. This prefix is used by Native SegWit (P2WPKH) addresses.
There have been previous movements of Bitcoins that had remained dormant for a long time. In July 2025, five mining rewards of 50 BTC each, received in April 2010, were transferred to 2 SegWit addresses. At that time, these coins were worth about $29.6 million.
In March 2024, one transaction consolidated 40 mining rewards from 2010, totaling 2,000 BTC worth nearly $140 million.
With the price of Bitcoin around $69,000 at the time of publication, the value of the coins from the two new transactions exceeded their initial valuation by more than 1.15 million times. However, there is no information on the reasons for the movement or the plans of the address owners.
This material is prepared solely for informational purposes and does not constitute financial advice or a recommendation.