Lookonchain
The transfer involved 350 BTC, valued at $28 million, from seven miner wallets that had been inactive for 16.5 years. The coins were earned through mining in March 2010, and the movement occurred six hours ago.
That puts Bitcoin's early mining supply back in motion and makes the event relevant to on-chain monitoring. The transfer alone does not establish a sale or an exchange deposit.
Frequently asked questions
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What was the stated value of the BTC movement?
The transfer involved 350 BTC, valued at $28 million.
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When were the coins earned through mining?
The miners earned the coins through mining in March 2010.
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Why is this relevant to on-chain monitoring?
It puts Bitcoin's long-held supply back in motion, making a dormant-wallet transfer visible to on-chain watchers.
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Does the transfer confirm a sale or exchange deposit?
No. The movement alone does not establish either a sale or an exchange deposit.
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How recently did the wallets move the BTC?
The movement occurred six hours ago after the wallets had been inactive for 16.5 years.
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