On Monday, January 25, 2021, at roughly 2 a.m. (EST), the notorious old school miner from 2010 has spent another consecutive 21 decade-old block rewards with 1,050 bitcoin. This is possibly the same mining entity our newsdesk has been tracking for months. The bitcoin from 2010 moved today follows the exact same pattern as all the block reward strings our team has caught waking up during the last ten months.
For quite some time now, news.Bitcoin.com has been monitoring so-called ‘sleeping bitcoins’ that are starting to wake up after ten years. In 2020, our newsdesk has noticed that a great number of old-school bitcoin spends from 2010 have been transferred in consecutive strings of 20 to 21 block rewards and all of them confirmed in a single block.
On Monday at 2 a.m., which is roughly around the same time frame the other coinbase reward strings have been spent in the past, 21 block rewards were transferred. Our newsdesk caught the action with the help of Btcparser.com’s blockchain parser and visual perspectives from theholyroger.com web portal as well. All of these decade-old bitcoin block rewards held approximately 50 BTC per block and 999.99 BTC ($33.6M) was consolidated into a single address.
As usual, the 999 BTC was again split into multiple fractions and followed the same movements as the previous string spends. The very last time news.Bitcoin.com reported on a large string of block reward spends from 2010, Russian blockchain researcher, Issak Shvarts, told our newsdesk that “these bitcoins are now owned by the crypto exchange Coinbase.”
All of the coins worth over $35 million spent on January 25, 2021, were confirmed at block height 667,558. Moreover, the corresponding
