A Bitcoin miner wallet, inactive for 15.7 years, recently came to life, transferring 50 BTC—valued at approximately $3.05 million—into another wallet.
This wallet originally received the coins through mining back on January 30, 2009.
Remarkably, just after this transfer, another wallet that had been dormant for 15.6 years also sent out 50 BTC.
At the time of these transactions, the first halving event had not yet occurred, allowing miners to earn 50 BTC per mined block without significant competition, making mining feasible even on personal computers.
These two wallets, likely linked, managed to mine only two BTC blocks, resulting in a total of 100 BTC. The reason for their long inactivity remains a mystery.
When Bitcoin’s price was first recorded on October 5, 2009, it was worth just $0.000764. Thus, the combined value of these wallets back then was a mere $0.0764, highlighting an astonishing increase in wealth of 78 million times since their initial earnings.
Crypto trader Michaël van de Poppe suggested that the Federal Reserve’s recent decision to cut interest rates by 50 basis points could positively influence the crypto market.
Recent data from CryptoQuant CEO Ki Young Ju reveals a dramatic 75% reduction in net short positions for CME Bitcoin futures over the last five months.
Recent data reveals that Bhutan has unexpectedly taken the lead in state-held Bitcoin (BTC) reserves, boasting $782.46 million, significantly outpacing El Salvador, which holds $351.75 million.
Louisiana has become the latest U.S. state to accept cryptocurrency payments for state services.