As Bitcoin edges closer to its all-time high, ancient wallets from the early mining days are stirring back to life.
On July 31, five dormant wallets from 2010 moved a combined 250 BTC—worth nearly $30 million—after sitting untouched for over 15 years.
Blockchain analysts at Arkham confirmed that each wallet received 50 BTC as block rewards back in April 2010, when Bitcoin was trading at just fractions of a cent. At the time, mining a block on a home computer cost less than a dollar in electricity, and the reward was still a full 50 BTC per block.
The transferred coins were moved to SegWit-enabled “bc1q” addresses, offering more modern transaction features. Onchain trackers like Lookonchain and Spotonchain flagged the transfers, which are part of a broader trend of decade-old wallets becoming active as BTC prices surge.
Bitcoin has gained over 27% this month, now hovering around $118,480—just shy of its all-time high of $122,838. While some early holders may be cashing out, analysts say the market remains resilient, with rising demand—especially for Ethereum—helping absorb renewed supply.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/250-btc-from-2010-transferred-as-bitcoin-nears-all-time-high/