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Miner moves 100 bitcoin mined 16 years ago, Arkham says
Two old wallets sent about $6.9 million in BTC to new addresses, the first movement in 16 years, according to Arkham Intelligence.
Key takeaways
- An unidentified miner moved 100 BTC, worth about $6.9 million, from two old wallets.
- Arkham Intelligence tracked the transactions to new addresses.
- The coins were mined in bitcoin's first years, roughly 16 years before the move.
What moved
A miner who was active in bitcoin's early years has moved 100 BTC from two old wallets to new addresses, according to the blockchain analytics platform Arkham Intelligence. The coins were mined about 16 years ago, and the wallets had not sent anything in that time, Arkham reported.
At the time of the transfer the 100 BTC were worth about $6.9 million, the platform said. Arkham tracked the transactions on-chain and published the movement.
Why old coins draw attention
Bitcoin mined in the network's first years sits on wallets that have stayed still for most of the coin's history. When such a wallet moves, the transaction is visible to anyone watching the chain, and analytics firms like Arkham label and follow the addresses.
The identity of the miner is not known. Arkham did not say whether the coins were sold or simply moved between wallets the same owner controls, and the destination addresses have not been identified as belonging to an exchange or any other party.
Sources
1 reportThis article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
How much bitcoin was moved?
100 BTC, worth about $6.9 million at the time of the transfer, according to Arkham Intelligence.
Who moved the coins?
Arkham describes the owner as an unknown miner who mined the coins about 16 years ago. The person has not been identified.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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