Satoshi-Era Bitcoin Worth $8.3 Million Moves After 16 Years

In brief

• A batch of 100.02 BTC mined in July 2010 moved on October 7 for the first time in 16 years, worth about $8.3 million at roughly $83,000 per Bitcoin.
• The coins were split into 10 BTC and 90.02 BTC outputs sent to two new addresses, both unspent as of Thursday, and nothing onchain identifies the owner or shows a sale.
• The move follows a run of dormant-wallet activity, including six wallets that shifted 553.59 BTC between August 16 and 26.

A batch of 100.02 Bitcoin mined in July 2010, from a period commonly known as the Satoshi-era, moved on Wednesday for the first time in 16 years.

At roughly $83,000 per coin, the stash was worth about $8.3 million when it left. Based on Bitbo’s highest registered price of BTC in 2010, the stash was worth around $29 when it was mined.

The transaction was confirmed at 18:52 UTC in block 970,379—one of the batches of transactions that Bitcoin's network stamps onto its public ledger roughly every 10 minutes. It split the coins between two new addresses, an address being the string of characters that works like an account number: 10 BTC went to one and 90.02 BTC to the other.

The holder paid a fee of 1,467 satoshis—a satoshi is one hundred-millionth of a bitcoin—which came to about $1.22 for moving $8.3 million. Both destinations are modern bc1q addresses, a format that did not exist when the coins were mined. Nothing in the transaction identifies the owner, and moving coins between addresses is not the same as selling them.