Dormant Bitcoin Wakes from 16-Year Slumber with $48M Transfer
A significant movement of Bitcoin (BTC) has been detected on the blockchain, with 600 BTC worth approximately $48 million moving from long-dormant addresses after more than 16 years. According to Whale Alert, a platform that tracks blockchain transactions, the 600 BTC originated from rewards mined in March 2010, when each block paid a 50 BTC block subsidy.
The movement has reignited speculation over a possible link to Satoshi Nakamoto, Bitcoin's pseudonymous creator, who was still actively involved with the project at the time. However, Whale Alert's research found no connection to Nakamoto, stating that 'none of the blocks can be connected to Satoshi based on our research.'
Whale Alert traced all 12 mining block rewards and noted a pattern consistent with a test transaction before the remaining transfers. One address received a 50 BTC mining reward on March 5, 2010, and moved the coins to a new address on September 5, 2026.