A Bitcoin address that received 100.02 BTC in July 2010 executed a transaction late Wednesday, moving coins valued at approximately $8.5 million at current prices. The specific coins had remained untouched for over 16 years, originating from two mining rewards created during Bitcoin's earliest days.
On-chain data confirms the 100.02 BTC arrived on July 30, 2010, and remained static until a transaction confirmed at 18:52 UTC Wednesday. Bitcoin traded around six cents when the address first received the coins, giving them a market value of roughly $6 at the time.
Galaxy Research flagged the movement on-chain. Dormant coins from the Satoshi era routinely generate speculation about original owner identity and potential liquidation plans.
The 100.02 BTC came from two distinct mining rewards: 50 BTC and 50.02 BTC (including fees). Miners received 50 newly created coins per block during that period.
Bitcoin's UTXO model allows a wallet to spend some incoming payments while leaving others untouched indefinitely. This address had executed prior transactions—spending 200 BTC across two transactions in August 2015, 100 BTC in December 2017, and 249 BTC in March 2018—but left the 100.02 BTC from July 2010 completely undisturbed until Wednesday.
The transaction combined the old holding with six smaller, later deposits. It then sent 10 BTC to one new address and approximately 90.02 BTC to another. Both new holdings showed no further movement as of Thursday morning.
The age of the coins places them in the Satoshi era, but does not establish a connection to Bitcoin's pseudonymous creator. The public record confirms access to the funds but does not reveal the identity of the person controlling them or their intentions for the bitcoin.
