Satoshi-Era Bitcoin Miners Awaken En Masse Within One Hour – What’s Happening?

As a seasoned analyst with over two decades of experience in the finance industry, I must say that today’s events have piqued my curiosity like never before. The sudden awakening of five dormant Bitcoin miners from 2009, each containing a fortune worth $3.18 million, is nothing short of fascinating. It’s as if we’ve stumbled upon digital-age goldminers, unearthing the treasures they’ve been hoarding since the dawn of Bitcoin itself!


This afternoon, a well-known blockchain monitor called Whale Alert shared information about some Bitcoin wallets from the early days of Satoshi (the pseudonymous creator of Bitcoin) becoming active again after being dormant for over fifteen years.

Five dormant 2009 Bitcoin miners suddenly re-emerge

Meanwhile, an account on analytics, @lookonchain, shared a post showing that in just one hour, five previously inactive Bitcoin wallets became active, each holding approximately 50 BTC or around $3.18 million. By the time of the halving event in November 2012, the Bitcoin network had already mined 210,000 blocks.

Every one of them were miners who received 50 Bitcoins as a reward for successfully creating a Bitcoin block in 2009 – the year that marked the debut of the world’s first cryptocurrency, created anonymously by Satoshi Nakamoto. In those days, each block was rewarded with 50 Bitcoins until the initial Bitcoin halving occurred in 2012, at which point the reward was decreased to 25 Bitcoins.

Please note that many miner wallets dormant for more than 15.5 years are transferring $BTC!5 miner wallets have transferred 250 $BTC($15.9M) in the past hour.These wallets received 50 $BTC($3.18M) as mining rewards per block back in 2009.Address:… — Lookonchain (@lookonchain) September 20, 2024

A combined total of 250 Bitcoins, which is roughly equivalent to $16 million, was sent from all five digital wallets.

Bitcoin price regains $63,000

This week, Bitcoin, the leading digital currency globally, has seen significant growth, increasing by over 11% to reach a new high of around $64,000 from its previous price of $57,600.

Over the last day, Bitcoin’s price rose by 3.36%. But after a small dip, its current value stands at approximately $63,545. This significant increase can be attributed to the Federal Reserve’s recent decision to lower their annual interest rate by 0.50%.

This marks the initial reduction in interest rates made by the world’s leading central bank in the last four years, shifting towards a more accommodating or lenient policy stance.

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2024-09-20 13:29