Bitcoin that was mined in 2010 has been moved from its wallet for the first time amidst the ongoing sell-off.
According to a post, discerning Redditors discovered that 1,000 BTC mined in 2010 had been moved from its wallet for the first time. The Redditors were able to provide the transaction on bitcoin’s blockchain showing the BTC being moved from its wallet after nearly a decade.
A subsequent post tied the bitcoin to a user on the BitcoinTalk forums. Under the title “Newbie returning after long hiatus,” user whoamisoon explained they had mined bitcoin in the past and was now trying to figure out how to move the BTC from the wallet to an exchange in order to sell.
The post reads, “I mined some bitcoin for a little bit, a long time ago; back when it was still possible to mine with GPU. I haven’t been active here for a long time.”
Despite the recent fall in crypto prices, the user was expected to make $5.5 million from the BTC, in addition to several hundred thousand dollars from hard-fork coins bitcoin cash and bitcoin SV.