A cluster of dormant Bitcoin wallets from 2010 just came to life, moving a combined 250 BTC—worth nearly $30 million—after remaining untouched for over 15 years. Each of the five wallets received 50 BTC as a block reward in April 2010, back when Bitcoin traded at just $0.003 per coin.
The BTC was sent to newer SegWit-format addresses starting with “bc1q,” suggesting the user utilized an upgraded wallet. Lookonchain, a popular blockchain tracking platform, confirmed the transaction and linked the coins to their original legacy addresses beginning with “1.”
Back in 2010, mining a block cost less than $1 in electricity using a regular CPU. Today, the value of those mined coins has skyrocketed to over $118,000 per BTC—up 27% year-to-date and just shy of Bitcoin’s all-time high of $122,838.
The move adds to a recent trend of ancient wallets becoming active, especially as institutional momentum and prices surge. These transactions may signal changing strategies among early adopters in response to maturing markets and improved custody solutions.
Whether this whale is cashing out or simply reorganizing, it’s clear that Bitcoin’s OG holders are watching the market closely.
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