Another ‘Sleeping Bitcoin’ Block Reward from 2010 Was Caught Waking Up After Ten Years

Another 2010 block reward was spent on Wednesday morning (ET) adding to the great number of ‘Satoshi era’ or so-called ‘sleeping bitcoins’ waking up in 2020. The block reward with 50 bitcoins was created on November 11, 2010, and transferred in block 652,669 after ten years.

During the last few weeks, has been leveraging multiple tools to crawl the BTC blockchain, in order to research a great number of old coins that have moved this year. The term ‘Satoshi era’ refers to the period when Satoshi Nakamoto, Bitcoin’s inventor, was still participating with the community, until he/she/ or they left in December 2010.

A great number of block rewards from this era have sat dormant for over a decade and blockchain researchers also refer to these coins as ‘zombie’ or ‘sleeping’ bitcoins. It is estimated that there are anywhere between 1.5 to 1.8 million BTC ($20B) that are considered ‘sleeping’ bitcoins from the Satoshi era. However, in 2020, a great number of these coins have been moving randomly and some of them in waves.

Our newsdesk discovered the first wave of 21 block rewards that were moved on March 11, the day before the infamous ‘Black Thursday.’ March 12, 2020, otherwise known as ‘Black Thursday’ is referred to in this way because global markets; stocks, oil, bonds, including safe-haven assets like gold and digital currency markets lost considerable value. The 2010 block reward move in March saw 1,050 BTC transferred, alongside the corresponding BCH and BSV. Then precisely 151 days later, another 21 block rewards were moved on October 11 and the corresponding BCH was spent as well.

Another 'Sleeping Bitcoin' Block Reward from 2010 Was Caught Waking Up After Ten Years
Another ‘sleeping bitcoin’ reward from 2010 was caught waking up after ten years on October 14, 2020.

Three days later, another 2010 block reward that was created on November 11, 2010, was transferred on Wednesday morning. The action was caught by just after a block from October 2016 was…

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