2000 Bitcoins from 2010 Awakened in Third Major Movement This Month

by Pooja Chauhan · 27/03/2024

2000 Bitcoins from 2010 Awakened in Third Major Movement This Month

BollywoodFever, March 27: On the first day of March, a significant bitcoin whale known for holding assets from 2010 awakened 2,000 dormant bitcoins through 40 separate transactions within a single block.

This move was followed by another significant transaction on March 5, where the entity transferred 1,000 bitcoins from the same era. Now, for the third time in March, this notable entity has reactivated another 2,000 bitcoins from 2010, highlighting yet another substantial movement of BTC that had lain inactive for over a decade.

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On March 26, 2024, this well-known bitcoin entity, previously covered by Bitcoin.com News multiple times, executed another major transfer of 2,000 BTC, equivalent to $139.9 million at the current exchange rates. This event marks the third significant set of transactions by this entity within the month, with previous movements recorded on March 1 (2,000 BTC) and March 5 (1,000 BTC).

This entity first came to our attention on March 11, 2020, and it’s believed that its transactions date back even before 2020. Unlike its typical pattern of moving 1,000 BTC batches beyond March 1, 2024, the transaction on Tuesday represented a deviation, involving 2,000 bitcoins.

According to btcparser.com, the 40 transactions observed on March 26 were generated from block rewards gathered between August and November 2010.

These block rewards were originally mined within block heights 71,723 to 89,778. As of 8:00 p.m. Eastern Time on the same day, at block height 836,441, the associated 2,000 bitcoin cash (BCH) had not yet been moved. Visible on theholyroger.com, each transaction was authenticated within a single block at block height 836,425.

Aligning with past behavior, all 40 block rewards from 2010 originated from Pay-to-Public-Key-Hash (P2PKH) addresses and were consolidated into a single Pay-to-Script-Hash (P2SH) wallet named “34WQ7.”

Initially, the assets were briefly stored in this collective wallet before being distributed. The month of March has notably witnessed the activation of these vintage bitcoins, with this entity’s trio of transactions adding to the fascination around such movements.

This whale has consistently captured attention with its significant onchain actions. By March 27, the linked bitcoin cash (BCH) had been moved, and the 2,000 BTC were split into smaller amounts and sent to an address believed to be associated with Coinbase, continuing the pattern of active distribution of these historical coins.