Key Takeaways
- An early Bitcoin miner from 2009 has transferred 10 BTC to Kraken.
- The wallet was inactive for nearly a decade before resuming activity three weeks ago.
- Several Satoshi-era wallets have moved large amounts of Bitcoin recently.
A Bitcoin miner who began mining the asset in 2009 has recently resumed activity, sending a total of 10 BTC to the Kraken exchange over the past three weeks, according to data from on-chain analysis tool Arkham.
This marks the first time in nearly a decade that this wallet, created just one month after Bitcoin’s launch, has shown signs of activity.
Kraken receives the bitcoin
On Tuesday, the miner sent an additional 5 BTC, valued at over $300,000, to Kraken, bringing the total transferred to 10 BTC in three separate transactions.
Historically, movements like this suggest a potential sell-off for cash.
Previous activity
The wallet previously moved Bitcoin between 2011 and 2014, before a long period of inactivity.
The value of the wallet’s Bitcoin holdings surged from $474,000 to over $80 million during this time.
Active wallets
This is part of a broader trend of early Bitcoin wallets becoming active again.
Just last week, another “Satoshi era” wallet moved $16 million worth of BTC after 15 years of dormancy, continuing a pattern of large transfers from these early miners in recent years.
