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Dormant Miner Awakens: Moves $180M in BTC After 14 Years

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By on November 16, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
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The post Dormant Miner Awakens: Moves $180M in BTC After 14 Years appeared first on Coinpedia Fintech News

A Bitcoin miner who earned 2,000 BTC in 2010 has resurfaced after over 14 years of dormancy, transferring the entire $180M fortune today. These coins were mined during Bitcoin’s early days when block rewards were 50 BTC, and BTC held little to no value.

This unexpected activity coincides with Bitcoin’s price reaching $91,313, marking a 4.28% jump in the last 24 hours. The miner’s move of $180M after 14 years has sparked speculation, with questions about its timing and potential market impact.

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