Couple of dormant Bitcoin wallets, boasting obscene returns of over 2,160,000%, suddenly spring to life, shifting a considerable $11,833,215 worth of Bitcoin following years of inactivity.
In a recent development, two Bitcoin addresses from as early as April 2010 have moved their previously dormant holdings, attracting significant market attention and speculation.
These addresses, each holding 50 Bitcoin, were mined during the period when Satoshi Nakamoto was actively involved in Bitcoin development. Interestingly, the older of the two addresses received its Bitcoin when Bitcoin was trading at $0.00547, while the newer one received a similar amount when Bitcoin was trading at $0.003. Since then, both addresses have seen an increase of over 2.17 billion percent and approximately 3.957 billion percent respectively.
The transactions, which occurred in April 2010, were later moved to new SegWit addresses with "bc1q" prefixes. This strategic consolidation suggests that the coins may be transferred to updated storage or reorganized for security purposes. Notably, these new addresses are not linked to major exchanges, indicating that the holders might be repositioning their assets rather than dumping them outright.
This activity fits a broader pattern observed in July 2025, where original Bitcoin addresses from the earliest mining days have reactivated after about 15 years of inactivity. Blockchain analytics firms note that these movements were coordinated and precise, not indicative of immediate liquidation but possibly precautionary or preparatory.
The last publicly verifiable digital sighting of Satoshi Nakamoto was in December 2010, and it is very unlikely that the blocks were mined by him or her. No information about the owners of the addresses or the purpose of the transactions was provided.
Meanwhile, in other crypto news, US lawmakers have issued subpoenas to JPMorgan Chase CEO Jamie Dimon and Bank of America Boss Brian Moynihan regarding their role in a Tesla supplier's Initial Public Offering (IPO). Arthur Hayes, a notable figure in the crypto world, is associated with an altcoin that is outpacing the crypto market following a new partnership with Anchorage Digital.
References: [1] The Daily Hodl. (1 August 2025). Ancient Bitcoin (BTC) Springing to Life, Signaling Potential Sell-Side Pressure: Crypto Analytics Firm. Retrieved from https://thedailyhodl.com/2025/08/01/ancient-bitcoin-btc-springing-to-life-signaling-potential-sell-side-pressure-crypto-analytics-firm/ [2] CoinDesk. (1 August 2025). Old Bitcoin Addresses Move for First Time in Years, Stirring Speculation. Retrieved from https://www.coindesk.com/2025/08/01/old-bitcoin-addresses-move-for-first-time-in-years-stirring-speculation/ [3] US Department of Justice. (1 July 2025). Bank Insider Accused of Draining Funds and Faking Death. Retrieved from https://www.justice.gov/usao-sdny/pr/bank-insider-accused-draining-funds-and-faking-death [4] Cointelegraph. (1 August 2025). Old Bitcoin Addresses Showing Signs of Life, Raising Sell-Side Pressure Concerns. Retrieved from https://cointelegraph.com/news/old-bitcoin-addresses-showing-signs-of-life-raising-sell-side-pressure-concerns
The transactions of the 50 Bitcoin, mined a decade ago during Bitcoin's early days, have been consolidated to new SegWit addresses, suggesting a potential reorganization for security purposes or a shift to updated storage, rather than a direct move to sell these cryptocurrencies. In the broader crypto landscape, Arthur Hayes, a notable figure, is associated with an altcoin that is outperforming the market following a new partnership with Anchorage Digital, highlighting the ongoing significance of altcoins in the realm of finance and blockchain.
