News - Historical: Old miner moves Bitcoin for the first time in 14 years

By Mike Hesp

Historical: Old miner moves Bitcoin for the first time in 14 years

Bitcoin (BTC)

A Bitcoin miner from the time of Satoshi Nakamoto has moved his mined BTC for the first time since 2010. All details.

When the miner with the wallet address 15sxzZ4QSaoiMo5KYH9ab4xQj34yeJmKgb was rewarded with 50 BTC for his work in securing the Bitcoin blockchain, they were worth just twelve US dollars in total. Today, that's 3.15 million.

There's a 14-year gap because the miner is an early adopter. He received the 50 BTC for validating a block on April 23, 2010. Bitcoin price at that time: $0.04.

As the on-chain analysts from Lookonchain now report on the short message platform X, formerly Twitter, the owner of the wallet has now taken the opportunity to move his Bitcoin to a central exchange. Possibly with the intention of converting the BTC into cash, as reported by the crypto news platform CryptoPotato.

It would be worthwhile, considering the dollar value of the 50 BTC has increased by 164,000,000 percent.

However, this was not the first time something happened on the wallet address 15sxzZ. Almost four years ago, in October 2020, 547 satoshis were received valued at $0.36 at that time.

Just a month ago, another equally old Bitcoin wallet came to life, containing 50 BTC from the Satoshi Nakamoto era - but only 21 BTC were sent to Coinbase.

Meanwhile, the identity of the Bitcoin founder remains unclear. However, a new clue has recently emerged further confirming the assumption that Satoshi Nakamoto was a pseudonym of the late Bitcoin pioneer Hal Finney.

Download the Anycoin App

Finally, a crypto app for everyone!

Check it out