BTC Addresses From 2009 Wake Up After Complete Silence

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Five dormant Bitcoin addresses just woke up after almost 16 years of inactivity. These addresses were active in the first month after Bitcoin’s launch in January 2009, as some of the earliest miners on the network. These addresses mined Bitcoin in some of the earliest blocks on the network, numbered 2247, 2401, 2455, 2486 and 2690. As their reward, these five addresses received a total of 50 BTC each ($3.19M) or a total of 250 BTC ($15.95M). While the amount remains relatively insignificant when compared to the total market capitalization of Bitcoin, traders and investors alike are concerned if this move is part of a larger trend of awakening dormant addresses. Additionally, there are theories on whether the BTC movement could be related to compromised private keys on early wallets, which could result in the transferred BTC being sold off quickly and laundered.

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As some of the earliest miners on the blockchain, BTC had zero dollar value at the point of mining, with the first recorded value of the cryptocurrency coming several months later in late 2009. The first recorded value of $0.00099 was registered in October 2009 when Finnish computer science student Martti Malmi, better known online by his pseudonym, Sirius, traded 5,050 BTC for $5.02.