5 separate wallets, which were mining during the period when Satoshi Nakamoto was active in the network and was active in Bitcoin development, took action simultaneously in the morning hours today. 50 BTC per wallet and 250 BTC in total were transferred to new addresses. These BTCs have not yet been sent to exchanges from new addresses.

It is not known if it belongs to the same person

It is not known whether these wallets, which transfer approximately $ 16 million, belong to the same person. As it will be remembered, in the early days of Bitcoin, mining rewards were 50 BTC per block. Therefore, these miner wallets did not take any action after the BTC they received at that time, and today they ‘woke up’ for the first time in 15.6 years.

On-chain data shows that miners received these rewards in 2009.

Why are transfers increasing?

Especially since the end of 2023, exits from such old wallets have increased considerably. Two options come to the fore here. The first is that these people find/remember their Bitcoin wallet passwords years later and sell profits…

The second option is that wallets, which have become more developed and more secure with today’s technology, are more attractive to old investors who have such wealth.