₿- A dormant Bitcoin wallet from 2010, containing 50 BTC worth $5 million today, has been activated after 15 years, raising curiosity about its owner.
₿- The wallet’s age and mining date have led some to speculate it could be connected to the Bitcoin creator or early Bitcoin pioneers.
₿- The transfer has fueled questions about whether the holder is cashing out, reorganizing funds, or simply perfecting the HODL strategy.
A long-dormant Bitcoin wallet from the early days of the network has suddenly come to life, sending ripples through the crypto community. After sitting untouched for nearly 15 years, a wallet containing 50 BTC, worth around $5 million today, has finally moved its holdings. The sudden activity has raised a familiar question among crypto enthusiasts: Who might be on the other side of the code? Is it an early miner cashing in, a forgotten wallet rediscovered, or someone with ties to Bitcoin’s mysterious origins?
Not an Isolated Case: Dormant Whale Wallets on the Move
The remarkable transaction was first spotted by Bitcoin historian Pete Rizzo and involves a wallet that received its mining reward back in July 2010. At the time, Bitcoin was trading at under $0.10 per coin, meaning the original value of the 50 BTC was just about $5.
Fast forward to 2025, and the current price of Bitcoin, hovering around $93,455, places the total value at approximately $4.67 million—a staggering gain of over 93 million per cent.
Such “ancient whale” movements are rare but not entirely new. These events frequently spark curiosity and speculation among Bitcoin enthusiasts, especially when they involve coins from the network’s earliest days.
A Look Back at Other Early Wallet Awakenings
In September last year, we reported on a similar phenomenon involving five miner wallets from Bitcoin’s genesis era. These wallets, inactive for more than a decade, suddenly moved a total of 250 BTC. Blockchain data reveals that one of those wallets received its reward on 29th January 2009, while three others were credited on 31st January, and the final one on 2nd February.
Any Ties to Satoshi Nakamoto?
Given the age of the 2010 wallet and its untouched state for nearly 15 years, some in the crypto community are speculating about a possible connection to Bitcoin’s elusive creator, Satoshi Nakamoto. While the wallet does not match known addresses linked to Satoshi, the early mining activity and long dormancy evoke comparisons. Could this be another forgotten piece of Bitcoin’s origin story—or perhaps someone closely tied to those early days stepping back into the spotlight?
Speculation and Mystery Continue to Surround Early Bitcoin Holders
The motivations behind such transfers remain unknown. Are these holders cashing out, reorganising funds, or sending a message to the crypto world? Do they know something more—something happening behind the scenes? Or are they simply masters of HODL, unfazed by every bull run and crash for over a decade?
Whatever the reason, each reawakening from Bitcoin’s early era stirs the imagination of a community fascinated by the mystery and legacy of its anonymous founder.
Stay informed,
Rodcas Consulting Group