A total of 1,050 bitcoin, worth over $11.8 million, mined back in 2010 were moved over the weekend after being dormant for over a decade. Part of the funds, well over $100,000, were donated to the Free Software Foundation (FSF).
The transactions were first spotted by cryptocurrency trader Kirill K., who pointed out the funds were on the move on LinkedIn. As they were mined in September 2010, the miner is an early bitcoin adopter who has been holding onto the BTC for over a decade. Back then, the cryptocurrency was worth well under $1 per coin, and could be mined on a laptop.
The miner moved the coinbase rewards of 21 blocks from 2010. At the time, each block contained a 50 BTC reward in it, meaning 1,050 BTC were moved in total. 1,000 BTC were moved to a single wallet, while 50 BTC were moved to another.
Blockchain data shows that the bitcoin cash (BCH) coinbase rewards from those addresses were also moved. Addresses holding BTC received a BCH airdrop at a 1:1 ratio back in August 2017, at the time of the hard fork that created BCH.
The miner ended up splitting its funds in various addresses with 10 BTC each. Bitcoin.com reports that the miner also made a 9.99 BTC donation to the Free Software Foundation, a non-profit organization promoting computer freedom.
The cryptocurrency’s pseudonymous creator, Satoshi Nakamoto, was at the time the funds were mined still active in the crypto space. Nakamoto vanished in late 2010 and hasn’t been verifiably been heard from since then.
Funds from the early days of Bitcoin moving are a rare occurrence, although this year early miners have made their presence known on several occasions. Ahead of the so-called Crypto Black Thursday, about $8 million worth of BTC from 2010 were also moved.
As CryptoGlobe reported, in May an early miner used 140 different wallets with unspent coinbase rewards to call self-proclaimed Satoshi Nakamoto Craig Wright a “liar and a fraud,” and signed a message saying “we are all Satoshi.”
Featured image via Pixabay.
