Two Bitcoin Wallets Transferred 100 BTC After 16.5 Years of Inactivity

• Two addresses holding a combined 100 BTC worth around $8 million made a transfer after 16.5 years of inactivity.
• The coins were mined on March 2, 2010, when a liquid bitcoin exchange market did not yet exist.

Two bitcoin wallets holding a combined 100 BTC worth around $8 million transferred the funds to a new address after 16.5 years of inactivity. X user mlmabc reported this.

Both batches of bitcoin were mined on March 2, 2010, and credited to two different addresses. At the time, liquid bitcoin exchanges did not yet exist, and trading in the asset took place mostly on the OTC market.

During this period, bitcoin effectively had no established market price. At the same time, Satoshi Nakamoto continued to actively mine the first cryptocurrency, mlmabc noted.

Early Holder Activity Increased

According to analyst Darkfost, during the current consolidation phase, early bitcoin holders’ activity has increased noticeably. The 90-day moving average of spent UTXO (STXO) among holders who have held bitcoin for more than five years rose to 1,500 BTC.

This metric indicates an increase in the volume of the first cryptocurrency moved by this cohort over the past three months. In May, early holders spent, on average, half as much bitcoin via their UTXOs.

Darkfost suggested that the current consolidation phase may have sown doubts among different categories of investors, including seasoned early holders.

At the same time, the analyst stressed that increased movement does not necessarily mean bitcoin is being sold. Some investors may have moved assets for security reasons, including after the Coldcard incident.

As a reminder, in late August 2026, we reported that new bitcoin whales locked in more than $1.2 billion in profit in just three days after the price of the leading cryptocurrency rebounded.

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