On July 24, 2023, a block reward from 2010 was transferred for the first time in 13 years, marking this month’s first expenditure of dormant bitcoin from that year. So far this year, a total of nine such block rewards from the 2010 era have been spent, resulting in the transfer of 450 bitcoins.
2010 Block Spend Makes the Ninth This Year
According to btcparser.com, a rare 2010 block reward was spent on Monday, transferring 50 bitcoins to an unidentified address. Although 50 bitcoins may not be a substantial sum, it is valued at $1.4 million, and expenditures of bitcoins from 2010 have become much less common nowadays. Moreover, the 50 bitcoins were essentially valueless back then, as bitcoin did not hit the five-cent mark until July 17, 2010.
The funds were transferred to a specific bitcoin address and moved on from there. Blockchair’s privacy tool indicated that the transfer scored a 5 out of 100 on privacy, citing three issues, and it labeled the privacy level as “low.” The is
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