Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

Ancient Bitcoin Block Rewards See Decrease in Spending After Record Activity in 2020 and 2021

In 2021, a number of 2010 block rewards were spent after the bitcoins sat idle for more than a decade. Furthermore, in 2020 and 2021, an early miner from 2010 spent strings of 20 ancient block rewards. In 2022, however, only 17 block rewards from 2010 were spent. Alongside this, on March 10, 2022, an entity moved 489.091 bitcoin that sat dormant in a wallet since 2010. In April 2022, five block rewards from 2009 were spent as well and they were the first 2009 blocks spent since 2020.
Record High Spending of Ancient Bitcoin Block Rewards in 2020 and 2021, but Activity Slows in 2022
According to statistics, fewer old block rewards were spent in 2022 in terms of block subsidies that stemmed from 2009-2010 compared to the two years prior. In fact, only 17 block rewards from 2010, totaling 850 BTC, were moved after being dormant for over a decade.
The first 2010 block subsidy spent in 2022 was moved at block height 719,822 on Jan. 22 and came from the BTC address “14Bdw,” which was crea

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