A dormant Bitcoin address holding 50 Bitcoin, valued at approximately $1.25 million, suddenly sprang to life on June 15 after being inactive since June 21, 2010. This month has seen only one 2010 block reward transfer, with the previous two taking place on May 22, 2023.
$1.25 Million in Bitcoin Moves After a Decade of Inactivity; 2023 Sees 6 Block Rewards From 2010 Spent
Although Bitcoin’s price has dipped by 7.5% this month, the address, established on June 21, 2010, opted to move its entire 50 BTC balance worth $1.25 million — the first such activity in over 12 years. Nowadays, transfers of 2010 block rewards are relatively rare and were more prevalent when the cryptocurrency’s value was twice its current size. Blockchain parser Btcparser.com caught the movement of the entire balance from the “13CFn” address.
Interestingly, data reveals that the owner didn’t spend the associated bitcoin cash (BCH) that is tied to the funds. The last ‘sleeping bitcoin’ transfers from 2
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