An early Bitcoin miner moved 600 BTC worth approximately $47.84 million on September 5 at block heights 965639 through 965646. The transfer involved 12 separate movements from legacy wallets created in 2010, marking a rare instance of Satoshi-era coins returning to circulation.
The coins were mined between March 2-5, 2010, when Bitcoin's network difficulty was near 1 and miners used central processing units (CPUs) rather than modern ASIC machines. This timing places the mining activity before Bitcoin had an established market price and predates the first recorded Bitcoin transaction on May 22, 2010. Bitcoin began trading that summer at prices ranging from $0.0008 to $0.08 per coin.
All 12 transfers moved the bitcoins from original Pay-to-Public-Key (P2PK) addresses to newer Pay-to-Witness-Public-Key-Hash (P2WPKH) wallet formats. Arkham Intelligence identified the original wallets as belonging to a miner. The movement was flagged by blockchain monitoring services including Whale Alert and btcparser.com.
Early 2010-era bitcoin transfers are uncommon. Of the 6,427.59 vintage BTC moved in the preceding month, only two transfers came from wallets created in 2010. The privacy score for these transfers registered at 60 out of 100, classified as moderate privacy.
The destination wallets for the 600 BTC remain unflagged and their purpose unknown. The miner executed the transfer using a "send everything" option, completing the sweep across multiple blocks in a single transaction batch.
