In a surprising resurgence of dormant wallets, five so-called “ancient” Bitcoin addresses—dating back to 2010—have moved a combined total of 250 BTC in a single day. These coins were mined when BTC traded below $0.10, and today they're worth over $29 million.
The transfers likely come from a single miner, as the coins were consolidated into just two new addresses. One of these now holds over 150 BTC (worth $17.7 million), while the other holds 100 BTC. The moves come as Bitcoin trades close to its all-time high above $118,000, signaling possible profit-taking by early holders.
Lost No More: Bitcoins from the Satoshi Era
These BTC originated from untouched block rewards of 50 coins each, mined back in April 2010—around the same time as blocks were still being produced by Satoshi Nakamoto himself. Mining back then was vastly easier and cheaper, with minimal network difficulty.
Interestingly, these old wallets had previously been targeted by op_return transactions—attempts to stake pseudo-legal claims over dormant coins. While such attacks failed to prove ownership, they often prompted original holders to move their assets to safer addresses.
This isn’t the first time ancient coins have stirred. In late 2024, another early whale moved 50 BTC directly to Binance. Just recently, another long-time holder executed a 3,963 BTC transfer.
Miners Take Profits as Hashrate Holds Strong
While Bitcoin’s hashrate remains above 915 EH/s and mining difficulty stays near record highs, miner reserves have declined—from around 1.9 million BTC to 1.8 million. The drawdown may reflect profit-taking, as well as reinvestment in emerging technologies.
Analysts suggest these sales could be tied to a shift toward AI data centers, where some of the largest mining firms are allocating capital. However, there's no clear evidence of widespread miner capitulation—just selective profit realization.
Even though 250 BTC isn't enough to move the market—especially after recent absorption of 80,000 BTC sales—these historic coins carry symbolic weight. Their untouched origin makes them ideal candidates for institutional reserves and proof-of-origin holdings.
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