On the morning of Monday, August 14, 2023, at the precise block height of 803,135, a dormant bitcoin address, created on November 9, 2010, came to life. After staying asleep for 12.9 years, he woke up and spent a staggering 1,005 bitcoins, a sum that grew to a staggering value of over $29 million.
In these modern times, 2010-era bitcoin transactions have become a rarity. The last known spending of a dormant bitcoin from 2010 occurred on July 24, 2023. On that particular day, a user unlocked a block reward of 50 BTC, equivalent to $1.4 million. However, the move on August 14, 2023 was in a more extraordinary style, as a staggering 1,005 BTC was transferred, worth $29.7 million.
The keen eyes of Btcparser.com first caught this monumental move, while Whale Alert further corroborated the spending. Meanwhile, Blockchair's privacy meter unmasked the fragility of the transaction, revealing that privacy was quite low when the 1,005 BTC was spent and highlighting two critical flaws that undermined the anonymity of the transaction.
According to the privacy tool, the 1,005 BTC were gracefully transferred to another address, accompanied by multiple appearances of the same address in the entries. Blockchair reported that the funds found their new home at the address "bc1q6", which, at the time of opening this account, comfortably houses 1,004.99 BTC.
Interestingly, the original address hosting the 1,005 BTC remained unchanged from the corresponding bitcoin cash (BCH) held by the owner. Bitcoin.com recently recounted the stirring of $11.4 million in dormant bitcoins from 2016 and 2014, when they woke up last weekend after years of inertia.
