Bitcoin wallets from 2010 move $29,6 million after 15 years

• Old Bitcoin Addresses Move 250 BTC After 15 Years
• Miners received 50 BTC per block in 2010
• Transactions reflect the awakening trend of OG wallets

Five wallets belonging to early Bitcoin miners transferred a total of 250 BTC, worth approximately $29,6 million, on Thursday. According to data from Arkham Intelligence, the addresses had been inactive for more than 15 years, since receiving block rewards of 50 BTC per block mined in April 2010.

At that time, each BTC unit traded for about $0,003, meaning that the total value of 50 BTC was worth a mere $0,15. Block rewards were part of Bitcoin's early cycle, when the block subsidy was fixed at 50 BTC.

5 miner wallets woke up after being dormant for over 15 years and transferred 250 $ BTC ($29.6M) out an hour ago.

These miner wallets earned 50 $ BTC each from mining on Apr 26, 2010.

Wallets:
1NuqAKeX6JzW372QfEe7eFkewFx21fnqd3
12EWRT19v2eAvWjGDWjodCe7NP1CzmFphT… pic.twitter.com/vGttaE6MxY

Five ancient # Bitcoin Miner wallets just moved 250 $ BTC (~$29.6M) to two new addresses after 15.3 years of dormancy.

Each wallet earned 50 $ BTC from mining in late April 2010, using early desktop hardware.

It seems like more diamond hands are making moves recently!

Follow… pic.twitter.com/RNA7Sqnf6Z

The five addresses—all with the "1" prefix, typical of older wallets—consolidated their funds into two new addresses with the "bc1q" prefix, compatible with the SegWit format, implemented to improve transaction efficiency. The movement was identified by analysts at Lookonchain and Spotonchain, who monitor on-chain activity in real time.

At the time these blocks were mined, the electricity costs to process a single unit of BTC were practically negligible. With typical 2010 processors operating at around 95 watts, the estimated cost per mined block was less than $1, considering the average residential electricity rate in the US of approximately $0,115 per kilowatt-hour.

The resurgence of legacy coins has been occurring more frequently in recent months, following the rise of Bitcoin, which is trading near its all-time highs. This movement has been attributed both to custody reorganizations by original holders and to partial profit-taking after years of dormancy.

In addition to these five addresses, other wallets from the same generation—which had been inactive for over a decade—were also recently reactivated. These movements coincide with increased institutional demand for Bitcoin, which has driven interest in assets held since the network's early years. The consolidation of older wallets into modern formats may indicate greater preparedness for liquidity, secure custody, or asset diversification.