Close to $50 Million in Bitcoin From 2011 Moved for the First Time in 10.5 Years

address was created on Wednesday, July 10, 2011 at 11:22 (UTC). It contained 500 bitcoin ( Bitcoin). On Wednesday, the was transferred for the first time in 10.5 year. Another wallet was created the same day in 2011. distributed 500 BTC, which is more than $23,000,000 at the time.

A wallet containing 40 Bitcoin, worth $1.8 Million was transferred on August 12, 2011. This was the first time it had been done in more than a decade. The BTC traded at $47,500 per unit and the total 1,040 BTC spent on Wednesday was more than $49 million.

It is possible to assume that the 1,000 Bitcoin came from the same person as the two bitcoin wallets were created on July 10, 2011. The 40 Bitcoin wallet was created around a month after the original 40 Bitcoin wallet. It is possible that the 40 Bitcoin owner could also have been the owner.

Apart from four transactions in 2011, December has not seen as many 2011 bitcoin spendings. Two coinsbase rewards were used on December 1,, and December 14. Ten bitcoins ( ) were transferred from a wallet that was created in 2011. 20 were transferred from another wallet that was created in 2011. moved the same day.

Research suggests that exchanges may desire old bitcoin

The 500 BTC bitcoin wallet sent the funds with a moderate level of privacy, or a score 65 according to privacy tool. As’several indicator we were able link the similar types addresses involved in the transaction’, four issues were discovered during the send. Data indicates that one of the transactions may have been tied to a Coinbase address.’s privacy tool also gives 500 BTC transactions the same rating and data shows money flowing to a known Coinbase account.

The privacy of the 40 BTC that was transferred was lower, with a ranking in the metrics of 45. The outgoing send was tied to the matched addresses, just like the BTC transfer from 2011. statistics show that another Coinbase address is linked to the wallet’s funds flow. Similar patterns were seen in the 1,040 messages sent Wednesday, as well as many old coins that were transferred in 2021. According to News, researchers from Telegram channel gfoundinsh*t and creator of, exchanges may want the old coins.

The researchers stated that they have a theory about why major exchanges might want to keep old bitcoins. The researchers believe that the presence of old bitcoins could help purify bitcoins with dark tones. Mixing it with the shiny, white bitcoins from 2010-2011 will make it easier for all of them to pass various AML and risk analysis robots. statistics show that addresses that sent 500 BTC received low-risk assessments. The 40 funds were derived from an address which once contained 31,723 Bitcoin. It emptied its last coin on May 11, 2012 when it sent 101 TTC.

The transaction data which shows the 1,000 BTC sends, suggests that the funds were derived from a miner as ten addresses sent 50 BTC back to the wallet while 0.05437193 BTC were paid in fees. The owner of the old school coins may have moved them to distribute them into smaller addresses.