Bitcoin mined for pennies in 2010 moves after 16 years, now worth $8.5 million
Source: CoinDesk ·
From the source
The 100 BTC came directly from two mining rewards created during Bitcoin’s “Satoshi era” and had not moved for more than 16 years. About 100 bitcoin BTC $82,600.71 mined when the cryptocurrency traded for pennies moved late Wednesday after sitting untouched for more than 16 years, carrying a value of roughly $8.5 million at current prices. The 100.02 BTC arrived at an address on July 30, 2010, and remained there until a transaction confirmed at 18:52 UTC Wednesday, according to CoinDesk’s review of Bitcoin transactions . Galaxy Research, the research arm of cryptocurrency financial services firm Galaxy Digital, first flagged the movement on X. Bitcoin traded around 6 cents when the address received the coins , putting their market value at approximately $6 at the time, according to historical pricing data from StatMuse. That comparison describes their appreciation, rather than what the holder paid or earned from a sale. Old holdings attract attention because coins long absent from…