CandleFocus Satoshi-Era Bitcoin Miner Moves $5 Million BTC Earned When the Price Was Just 10 Cents
2025-02-04
Author: Content Editor
A Bitcoin wallet containing 50 BTC mined 15 years ago has become active, moving coins worth $5 million. Speculation has arisen that the wallet could be linked to Silk Road founder Ross Ulbricht, but this is merely speculative. The transaction implemented three important Bitcoin protocol features and used a Pay-to-Public-Key (p2pk) output format, leading to speculation that the move was to protect quantum-vulnerable funds. The transaction has sparked discussions about how Bitcoin has changed since its early days, and highlights the growing trend of dormant Bitcoin wallets reactivating. The next steps for these funds are unclear, and converting them to fiat currency without attracting attention would be challenging.
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