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Old-Time Bitcoiners Shift $110 Million in BTC Mined in 2011 For the First Time

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Thu, 25/02/2021 - 8:55
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Old-Time Bitcoiners Shift $110 Million in BTC Mined in 2011 For the First Time
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Crypto tracker Whale Alert has reported that two transactions with a total of 2289.53 BTC have been made from wallets last used 10 and seven years ago.

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The two transactions were spotted by Whale Alert on Feb. 24. The bigger one was made from a wallet last used seven years ago and carried 2,189.53 BTC (worth 105,569,298 USD).

The second transfer of 100 BTC (the equivalent of 4,885,597 USD) came from a wallet last used ten years ago. Both wallets were last active during the era of the legendary Satoshi Nakamoto, the anonymous Bitcoin creator and author of the BTC White Paper.

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Back then, mining was almost the only way to get some BTC. The Mt Gox exchange launched in 2010. In addition, Roger Ver started investing in Bitcoin back in 2011.

Ross Ulbricht also started Silk Road back in 2011, bringing together drug dealers and their clients paying in BTC and charging a commission.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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