June 16 (Cointime) - A Bitcoin address that has been inactive since June 2010 suddenly sprang to life on June 15, moving the entire balance of 50 BTC, valued at approximately $1.25 million. This is the first activity from the address in over 12 years. The transfer of 2010 block rewards is relatively rare nowadays and was more prevalent when Bitcoin's value was twice its current size.
The entire balance was transferred to one address before reaching another wallet and then split into two addresses holding 23.11 BTC and 26.88 BTC, respectively. This month has seen six block reward transfers from the 2010 era, all after more than a decade of inactivity.
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