$10000 BTC, 2010, 2013, 2013 bitcoins, Awoken Bitcoin, Bitcoin, Bitcoin (BTC), bitcoin whale, block rewards, BTC Whales, Decade-Old, Miners, Mining Reward, Old Bitcoin moving, Old BTC moving, Slumber, whale, Whales

While bitcoin’s price has neared the all-time price highs captured in February, old coins that have sat idle for many years have started to wake up from slumber. On March 4, at block height 673,162, a block reward worth 50 bitcoin from 2010 was transferred for the first time in over a decade. Also, a whale from 2013 has emerged from slumber as well, after 10,000 bitcoin that sat idle for over seven years was transferred on March 11.

2010 Block Reward Worth $2.8M Spent Last Week

One thing is for sure, a great number of crypto proponents have always been fascinated by early adopters, old-school miners, and large whales. In the crypto space, it’s not uncommon for an owner to hold coins for over five years, to even ten years without spending any amount of funds.

In 2020 and into 2021, Bitcoin.com’s newsdesk with the help of Btcparser.com has been following an old-school mining whale who has transferred 9,000 bitcoins from 2010 block rewards since March 11, 2020. Bitcoin.com has also been tracking a great number of 2011 block reward spends that have been caught by blockchain parsers.

$10000 BTC, 2010, 2013, 2013 bitcoins, Awoken Bitcoin, Bitcoin, Bitcoin (BTC), bitcoin whale, block rewards, BTC Whales, Decade-Old, Miners, Mining Reward, Old Bitcoin moving, Old BTC moving, Slumber, whale, Whales
Old-school bitcoin whales are on the move. Last Thursday, a 50 bitcoin-block reward created on August 9, 2010, was spent at block height 673,162 and dispersed into multiple addresses. Numerous old-school bitcoin miners from 2010 and 2011 have appeared in the last few months.

Following the report on the whale who has spent 9,000 BTC, on March 4, 2021, a single block reward from 2010 (50 BTC) was spent after over a decade of sitting idle. The block explorer Blockchair’s privacy-o-meter shows that the spender leveraged a bit of discrepancy when spending these coins worth over $2.8 million using today’s BTC exchange rates.

However, this old-school miner doesn’t seem to be associated with the mega-whale from 2010 Bitcoin.com has been tracking since mid-March 2021. Out of the 50 BTC, 37.99981154 BTC still sits in an address unspent to this day. Meanwhile, 12 BTC from the old 2010 block reward’s outputs was shuffled up into a number of fractions.

A 2013 Bitcoin Whale Flexes 10,000 Bitcoin That Sat Idle for 7 Years, Coins Remain Unspent

On March 11, 2021, another interesting thing happened as a BTC whale from seven years and seven months ago, started consolidating massive amounts of BTC. With help from Btcparser.com, it was revealed that 10,000 BTC ($570M) from 2013 was consolidated by a whale into two separate addresses.

$10000 BTC, 2010, 2013, 2013 bitcoins, Awoken Bitcoin, Bitcoin, Bitcoin (BTC), bitcoin whale, block rewards, BTC Whales, Decade-Old, Miners, Mining Reward, Old Bitcoin moving, Old BTC moving, Slumber, whale, Whales
On Thursday, March 11, 2021, a 2013 whale consolidated 10,000 BTC into two separate addresses with 5,000 coins in each wallet.

Interestingly, both of the two massive moves of 5,000 BTC each stemmed from a collection of coins gathered on August 11, 2013. This means the 5,000 BTC spent at block height 674,085 and the 5,000 BTC transferred at block height 674,159 stemmed from the same owner. The consolidation of 2013 BTC from August, currently sits idle in two specific addresses holding 5,000 BTC each.

There’s also another transaction stemming from 2013 that has similar spending heuristics. One can most definitely assume that the 10,000 BTC move yesterday was in fact the same owner, and it’s obvious because the coins are consolidated into two addresses stemming from August 11, 2013.

$10000 BTC, 2010, 2013, 2013 bitcoins, Awoken Bitcoin, Bitcoin, Bitcoin (BTC), bitcoin whale, block rewards, BTC Whales, Decade-Old, Miners, Mining Reward, Old Bitcoin moving, Old BTC moving, Slumber, whale, Whales
It is not certain that this purse belongs to the aforementioned bitcoin whale from 2013 that spent 10,000 bitcoin yesterday. However, the whale that owns 2,189 BTC leveraged the exact same spending pattern as the 2013 whale with 10,000 coins. Moreover, this one stems from a collection amassed at the end of July 2013, which is very close to August 11, 2013.

The older transaction in particular, which consists of spending 2,189 BTC on February 24, 2021, indicates it shares a very similar pattern to the 10,000 bitcoin behemoth that spent coins from seven years ago yesterday. Interestingly, the coins stem from a whale that appeared in 2013 but only a number of days earlier. The 2,189 BTC worth $123 million using today’s BTC exchange rates also still sits idle since the day it was moved last month.

If the 2013 whale is the same entity that’s approximately 12,189 BTC patiently waiting to move again. If not, then it is two separate and very large whales; one with 10,000 coins and the other holding a nice sum of 2,189 BTC.

What is certain is that the high prices bitcoin (BTC) has obtained in recent weeks has spurred old school holders to wake their sleeping coins by either consolidating them or spending them on an exchange. The entity holding the 10,000 BTC stash, already had the coins consolidated back in August 2013 when a single bitcoin (BTC) was exchanging hands for just a touch over $100 per bitcoin.

What do you think about the 2013 whale consolidating 10,000 BTC on Thursday? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

Major investment bank Morgan Stanley believes that central bank digital currencies are not a threat to the existence of cryptocurrencies. The bank believes that both types of digital currencies can coexist because they serve different purposes and have different appeals. Cryptocurrencies and CBDCs Can Coexist Morgan Stanley’s analysts, including chief economist Chetan Ahya, discussed the […]

Xem chi tiết: Morgan Stanley Says Central Bank Digital Currencies Not a Threat to Cryptocurrencies

China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown

After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC). Central Bank Clarifies Its Regulatory Framework on Cryptos […]

Xem chi tiết: China Calls Bitcoin and Stablecoins ‘Investment Alternatives’ for the First Time Since Crypto Crackdown

Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 Spent

After bitcoin and a myriad of other crypto-assets tumbled in value on Sunday a number of significant whale movements took place. During the morning trading sessions on Sunday (EST), an old school miner transferred three decade-old coinbase rewards with 150 bitcoin worth more than $8.5 million. Later on in the evening, just before the transition […]

Xem chi tiết: Whales Move Over $4 Billion in BTC During Sunday’s Market Carnage, 150 Bitcoin from 2010 Spent

200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 

Nearly every day now a new company is announcing the acceptance of cryptocurrencies in some form or another. Now one of the world’s largest fine wine auction houses and America’s oldest wine shop Acker has revealed digital currency acceptance to pay for auction payments and retail wine purchases. Wine Shop Acker Jumps Into the Crypto […]

Xem chi tiết: 200-Year-Old American Wine Shop Now Accepts Cryptocurrencies 

OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread

Rumors concerning the U.S. Treasury cracking down on several financial institutions over money laundering has been spreading like wildfire on social media and forums. There’s been no formal announcement from the U.S. entity and at this stage, the news is widely considered FUD. However, some are assuming the hearsay stems from the recent Russian sanctions […]

Xem chi tiết: OFAC Escalates Russian Sanctions Listing Bitcoin Addresses, US Treasury Crypto Crackdown Rumors Spread

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.†Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the […]

Xem chi tiết: Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

‘Ossification Is Stupid:’ Bitcoin Development Controversy Strikes ‘Speedy Trial’ Taproot Activation

The well known software developer Luke Dashjr is in the midst of controversy over how to upgrade the Bitcoin network in order to add the Taproot protocol. Bitcoin Core developers want to upgrade with “Speedy trial,†which will allow miners to push the feature through. However, Luke Dashjr wants to upgrade in a different manner, […]

Xem chi tiết: ‘Ossification Is Stupid:’ Bitcoin Development Controversy Strikes ‘Speedy Trial’ Taproot Activation

Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon

Back in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as the District 8 county commissioner Danielle Cohen Higgins […]

Xem chi tiết: Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon

Edward Snowden Plans to Auction an NFT, Proceeds Will Go to Freedom of the Press Foundation

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

Crypto Markets Lose Hot Air, DOGE and BCH Skyrocket, 46% Chance ETH Hits $2,600 by May

‘Weird Coins Like DOGE and XRP Spike’- Galaxy Digital’s Mike Novogratz Warns of a Crypto Market ‘Washout’ 

World’s Largest Asset Manager Blackrock: Cryptocurrency Could Become a ‘Great Asset Class’

Over $750 Million in Bitcoin from the 2016 Bitfinex Hack Moved Today

Edward Snowden Plans to Auction an NFT, Proceeds Will Go to Freedom of the Press Foundation

Insurance Giant AXA Allows Swiss Clients to Pay for Services With Bitcoin