On February 25th, on-chain analysts noticed that two 2010 block rewards were transferred after more than ten years of dormancy. A lot of old blocks have been spent in 2021. After spending a large amount of 2010 block rewards on January 3 and 10, on the 25th, another huge 20-block block from 2010 was moved. reward. In addition to these old Bitcoin moves, large rewards from 2011 have also begun to emerge in large numbers.
80 block rewards since 2010 were spent this year, 4,000 bitcoins worth US$188 million
For most of 2020 to 2021, news.Bitcoin.com and a small group of on-chain researchers have been combing the Bitcoin (BTC) network for old-fashioned spending. The technical term “spend” or “spend” simply means that Bitcoin moves from one address to another address or another set of addresses. This does not necessarily mean that the person has given up ownership of Bitcoin, but most of our discoveries in 2020 and 2021 appear to have been sold on exchanges.
On February 25th, with a block height of 671,986, 100 BTC was used for two 2010 block rewards, and many publications about the movement were reported. What has not been formally noticed is that the expenditure in 2010 was very large this year, and the expenditure in 2011 was also very large. Although members of news.Bitcoin.com, Btcparser.com, and Russian blockchain researcher Issak Shvarts have been conducting thorough investigations of these outdated expenditures.
Following the report of 20 block reward expenditures on the 12th anniversary of the establishment of the Bitcoin network ten years ago, news.bitcoin.com also noticed that since 2010, a large amount of 20 block rewards were spent on January 10. Fifteen days later, it may be the same suspect. Starting from January 25, 2021, he has received another 20 awards starting in 2010. So far, this particular entity or entity has not moved the main Bitcoin since then. However, there were many single block reward expenditures in 2010, and the number of rewards in 2011 was also increasing.
Receive a $94 million 40 block reward from the sleepy 2011 wake in 2021
By 2021, 80 block rewards have been obtained since 2010, with a total of 4,000 BTC. Currently, using today’s BTC exchange rate calculations, the value of the old coins exceeds $188 million. With the help of Btcparser.com, news.Bitcoin.com has also counted 40 block rewards starting in 2011 this year. That was 2,000 BTC that was born in 2011 and is worth about 94 million US dollars today. You can check the last huge expenditure on January 25, 2021 in “Satoshi’s Baggage Tracker” on theholyroger.com.
On February 25th, two block rewards were spent on February 25th. The block height was 671,986. BTC was spent, but the corresponding BCH and BSV remained unchanged. Similarly, many 2011 blocks spent this year have only seen BTC moves. In our research, many addresses sorted out in 2011 have not yet used the corresponding BCH and BSV. Individuals or groups that have continuously spent 2010 block rewards have been spending Bitcoin Cash (BCH).
Regardless of the situation, the price of Bitcoin surged above $58,000 last Sunday, and even if the price stagnates today, it has caused the old-fashioned whale to wake up Bitcoin from its sleep.
What do you think of all the old Bitcoin block rewards spent in 2021? Let us know your thoughts on this topic in the comments section below.
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