Satoshi-Era Bitcoin Address From 2010 Suddenly Activates With $3.4 Million

A Bitcoin (BTC) address from 2010 has become active after being dormant for over 16 years. The address has transferred around $3.4 million in BTC. According to blockchain tracking platform Whale Alert, the address held 50 BTC, which was roughly equivalent to $3,442,939 at the time of activation. The dormant address had been inactive for 16.2 years. Back in BTC's early days, all 50 BTC were worth just $3. Notably, this wasn’t the only old Bitcoin address that suddenly became active. According to Whale Alert, another dormant Bitcoin address holding 50 BTC worth roughly $3,442,129 became active after 16.2 years. The two transfers took place within minutes of each other on Nov. 13. Hence, the total value of the newly activated Bitcoin comes to around $6.89 million.

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