Satoshi-era miner moves 2,000 BTC mined in 2010 to Coinbase

Beincrypto reported that a Bitcoin miner from the network’s earliest days moved 2,000 BTC, roughly $181 million, consolidating coins mined in 2010 that had been dormant for more than 15 years and sending them to Coinbase.

CryptoQuant’s Julio Moreno said this is the largest Satoshi-era activity since late 2024 and noted that Satoshi-era miners tend to move their Bitcoin at key inflection points. Sani, the founder of TimechainIndex, confirmed the funds came from 2010 block rewards when block subsidies were 50 BTC; the coins had been spread across 40 legacy Pay-to-Public-Key addresses before consolidation.

The transfer to a centralized exchange is typically interpreted as a prelude to an open-market sale, though it is not yet known whether these coins will be sold. Observers note a broader trend of wallets from 2009–2011 reactivating over the past year, the market absorbed the supply without structural stress, and long-term institutional forecasts remain bullish—VanEck projected a theoretical $2.9 million per coin by 2050 in a report released last week.

Key Topics

Crypto, Bitcoin, Coinbase, Satoshi-era Miners, Cryptoquant, Timechainindex