50 Bitcoins Worth $500K That Were Mined In February 2009 Mysteriously Moved Today

An interesting Bitcoin transaction surfaced today, bringing back memories from 11 years ago in the distant 2009. 50 BTC mined back then were just transferred to another address.

Bitcoin Mined in 2009 Just Transferred

Data from Blockchair reveals that 50 bitcoins mined in 2009 were just transferred to an unknown address.

The transaction took place today, and it was included in block 631058. This is where things get interesting. The sending address only has two transactions carried out through it (including this one). The previous one took place back on February 9th, 2009, and it was a block reward (coinbase), included in block 3654.

transaction2009-min
Block Reward Transaction From 2009. Source: Blockchair

The exciting thing about this transaction is that the 50 BTC has been dormant for more than ten years. The address containing it hasn’t done any other transfers, and this was the first time since back in 2009 that these particular coins were moved.

While it’s hard to put a price on BTC’s USD value back when these were mined, they are currently worth around $488,000.

Who Was The Sender?

The most obvious question, and perhaps one that will never see an answer, is who the sender is. The transaction took place just a month after Satoshi Nakamoto, the pseudonymous creator of Bitcoin, mined the genesis block.

Back at the time, there weren’t that many people involved with the cryptocurrency. Some of them include Nick Szabo, Wei Dai, and Hal Finney, who is the reported receiver of the first bitcoin transaction.

The more important question, however, is probably why this person, that many would agree could be categorized as the ultimate HODLer, decided to transfer his BTC now. Of course, it’s unclear if he plans to sell them, but if he didn’t – why would he transfer them? Many would argue that selling bitcoins now, given the current economic downturn and the trillions and other fiat currencies printed out of thin air and pumped into the economy to keep it afloat, isn’t such a good idea.

The post 50 Bitcoins Worth $500K That Were Mined In February 2009 Mysteriously Moved Today appeared first on CryptoPotato.

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