Seven Early Miner Wallets Move 350 Bitcoin Worth $28 Million

  • Seven early mining wallets transferred 350 BTC after roughly 16.5 years of inactivity.
  • Each wallet moved a 50 BTC mining reward created in March 2010.
  • Whale Alert said none of the seven blocks was mined by Satoshi Nakamoto.

Seven early Bitcoin mining wallets moved a combined 350 BTC, valued at about $28 million, after roughly 16.5 years of inactivity. The coins were mined in March 2010, less than 15 months after Bitcoin launched, with each wallet transferring a 50 BTC block reward. Whale Alert said its research found that none of the seven associated blocks was mined by Bitcoin founder Satoshi Nakamoto. Bitcoin traded around $79,850 after briefly exceeding $81,000, remaining above key moving averages while facing resistance in the $81,000-$82,000 range. The 350 BTC movement was small relative to typical Bitcoin trading volumes, and transfers alone do not demonstrate selling intent unless the coins later reach an exchange or another identifiable liquidity venue.

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