A group of five Bitcoin miner wallets, inactive for nearly 15 years, has transferred a combined 250 BTC worth approximately $29.6 million to new addresses.
The wallets, which originally received 50 BTC as block subsidies in April 2010, reactivated on Thursday. These legacy accounts are marked by their “1” prefix and consolidated their holdings into two new addresses with the “bc1q” format.
Historically, a 50-BTC reward was valued around 15 cents when Bitcoin’s quoted price sat at $0.003 per BTC in 2010. The marginal electricity cost to mine a single block during that era was trivial compared to today’s standards.
This trend of dormant coins waking up is part of a recurring theme this month as long-time holders reshuffle custody or realize gains. Recent weeks have seen large OG supply events, including early-era whales, while institutional accumulation accelerated Bitcoin to new heights.
Bitcoin has surged over 27% since January and traded at $118,480, less than 4% shy of its all-time high of $122,838.
Source: https://www.theblock.co/post/365007/bitcoin-miner-wallets-15-years