Bitcoin miner from 2010 moves part of 50 BTC stash to active wallet linked to exchanges

For the first time, an anonymous Bitcoin miner from the Satoshi era has moved part of their 50 BTC ($3.4 million) rewards from block 66,138, mined to ‘1FHft3AFk9.’

2.99 BTC was moved to wallet ‘bc1qlmprk8‘, with the remaining now sitting in a change wallet ‘bc1qmefm8e.’

According to a data trace on Arkham Intelligence, the new wallet has sent a total of $1.5 million to the crypto exchange OKX and interacted with several other exchanges, including Coinbase, Kraken, BloFin, and Crypto.com. The whale may be preparing to profit from the mining rewards, which at the time were worth $1.5. A sale would reward the miner with a profit of 226,666,567%.

Bitcoin analysis of whale activity (Source: Arkham Intelligence)

As of press time, the Bitcwas mined in 2010 has not moved from its new location. However, analysis of associated wallets indicates the miner is still very active in the crypto industry, meaning this whale has held onto 50 BTC from the early days of Bitcoin while actively participating in the industry.

CryptoSlate analysis revealed that the wallet did not exhibit features aligning with the Patoshi pattern, indicating the miner was unlikely to have been Satoshi himself. The block was mined in July 2010 when there were many other miners on the network other than Satoshi himself. While additional information was included in the Coinbase transaction, the nonce values were inconsistent with Patoshi’s.

The post Bitcoin miner from 2010 moves part of 50 BTC stash to active wallet linked to exchanges appeared first on CryptoSlate.

  • Related Posts

    FBI initiative saves thousands from crypto scams, recovers $285 million

    The FBI’s initiative to counter crypto investment fraud has helped thousands of victims avoid losing millions of dollars since its launch, according to a Feb. 13 press release. Dubbed Operation…

    Continue reading
    Trump reportedly considering swapping crypto council for informal summits

    President Donald Trump’s administration may be pivoting away from the idea of a formal crypto council in favor of a series of informal summits involving a rotating bench of crypto…

    Continue reading

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    FBI initiative saves thousands from crypto scams, recovers $285 million

    FBI initiative saves thousands from crypto scams, recovers $285 million

    Trump reportedly considering swapping crypto council for informal summits

    Trump reportedly considering swapping crypto council for informal summits

    Amsterdam Blockchain Week: A Celebration of Web3 Innovation and Collaboration

    Amsterdam Blockchain Week: A Celebration of Web3 Innovation and Collaboration

    US customs reportedly stalling Bitcoin miner shipments amid crackdown

    US customs reportedly stalling Bitcoin miner shipments amid crackdown

    South Korea to gradually permit corporate crypto trading amid market reform

    South Korea to gradually permit corporate crypto trading amid market reform

    Tether refutes JPMorgan’s suggestion it will sell Bitcoin to navigate regulation

    Tether refutes JPMorgan’s suggestion it will sell Bitcoin to navigate regulation