Bitcoin mined for pennies in 2010 moves after 16 years, now worth $8.5 million
A dormant Bitcoin wallet from 2010 recently moved 100 BTC, now valued at approximately $8.5 million, after remaining inactive for 16 years. While the movement of 'ancient' coins often sparks market speculation, analysts note that the address had previously spent other portions of its holdings.
Why it matters
The movement of early-mined Bitcoin provides insight into long-term holding patterns and the liquidity of early cryptocurrency assets.
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.
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