Topic: [2024-09-20] Satoshi-Era Wallets Transfer 250 Bitcoin From 2009 ... (Read 56 times)

Satoshi-Era Wallets Transfer 250 Bitcoin From 2009 in First Action Since 2022

Between block height 862,079 and 862,087, a group of five vintage bitcoin wallets from 2009 came out of hibernation, spending a total of 250 BTC for the first time in over 15 years. With addresses from the Satoshi era being incredibly rare, these transactions, worth $15.8 million total, marked the first movement of 2009 BTC since April 2022.

15-Year-Old Bitcoin Wallets Suddenly Awake, Moving $15.8M

On Sept. 20, 2024, five unique legacy wallets (1, 2, 3, 4, 5), known as P2PKH (Pay to Public Key Hash) addresses, transferred 250 BTC from wallets created between Jan. 29 and Feb. 2, 2009. In the last six years, there have been only two other instances of 2009-era BTC moving: one on May 20, 2020, and the other on April 7 and 8, 2022.

This latest batch of 2009 wallet activity came from addresses that predate both the 2020 and 2022 events. The funds originated from wallets created less than a month after Satoshi Nakamoto launched the Bitcoin network. All the transfers came from addresses born on Jan. 29, Jan. 30, Jan. 31 (twice), and Feb. 2, 2009. The movements were flagged by btcparser.com, and each transaction was sent from the legacy P2PKH wallets to fresh Segwit addresses.
Satoshi-Era Wallets Transfer 250 Bitcoin From 2009 in First Action Since 2022

As of 6 a.m. EDT on Sept. 20, the funds still rest in their new Segwit addresses. Each transaction received a moderate privacy score and was executed using the “send everything” option. Interestingly, the corresponding bitcoin cash (BCH) tied to these BTC transfers remains untouched in legacy BCH addresses. The five transactions originated from block rewards tied to blocks 2,247, 2,401, 2,455, 2,486, and 2,690.

The 250 BTC moved on Friday is valued at $15.8 million at current exchange rates. Movements of 2009-era BTC are extremely rare, with the last one happening on April 7-8, 2022, when 250 BTC was spent. That batch of transactions came from block rewards 27,693, 27,694, 27,742, 27,749, and 27,811. Before that, a single block reward, block height 3,654, was spent 1.10 years earlier. Going even further back, a group of December 2009 wallets moved funds on Jan. 5, 2018.

Source: https://news.bitcoin.com/satoshi-era-wallets-transfer-250-bitcoin-from-2009-in-first-action-since-2022/