The bitcoin value has risen more than 5% against the U.S. Dollar over the past week. In less than seven days the 19,000,000th Bitcoin will be created. Meanwhile, Sunday morning will see 81.79 bitcoin, worth $3.65million today, created in 2011, and moved for the first times since it was idle for 11 years.
‘Sleeping Bitcoin’ That Sat for Over a Decade Moved on Sunday, Data Shows 14 Spends from 2011 Occurred This Year
- BTC’s price increased by 5.8%, 14.8%, and 16.4% in the week ended March 27, 2022. Year-to-date, BTC is down 18.9% in value against the U.S. dollar and there’s 18,995,393 BTC in circulation today.
- The first move of $3.65 million in BTC, which was mined in 2011, occurred on Sunday morning. The ‘sleeping bitcoin’ transactions were caught by the blockchain parser Btcparser.com. The data shows that 50 bitcoins were sent Sunday from Bitcoin Parser.com. They originated from BTC mined on January 30, 2011.
- Interestingly, unlike many ‘sleeping bitcoin’ subsidy rewards that sit idle for more than a decade, the 50 BTC transfer has a 100% “healthy” privacy rating stemming from Blockchair’s privacy-o-meter tool. No privacy issues were discovered according to Blockchair’s tool.
- At the block height of 729,187, they were worth $2.22million.
- Following the 50 BTC spend from 2011, another group of ‘sleeping bitcoins’ from August 30, 2011, were sent from the original address after ten years and six months. The total spend on this particular transaction was 31.793 BTC, and was at block height 729.248 following the 50 BTC purchase.
- Data shows when the 31.793 BTC was sent it was worth $1.4 million at the time of transfer according to today’s BTC exchange rates. But unlike today’s 50 BTC, 31.793 BTC were sent without any privacy.
- Blockchair’s privacy-o-meter tool indicates that the 31.793 bitcoins sent on Sunday had a score of 75 which is a “moderate” amount of privacy.
- Matched addresses were identified and the tool says: “Using several indicators we were able to link the similar types of addresses involved in this transaction. The sender addresses of recipients were identified. Such matching significantly reduces the anonymity of addresses.”
- Some bitcoins from the 31.793 BTC cash were derived this wallet that originally sent 22.099 BTC in August 2011.
- So far for 2022, there’s been approximately 14 BTC spends from 2011 ‘sleeping bitcoin’ stashes, four in January, seven in February, and three so far in March. Before today’s two spends, there were only three BTC transactions in February 2011. The block height was 725,515.
- At that time, 12 bitcoin worth $536K using today’s exchange rates, were sent from a wallet with BTC that sat idle since June 14, 2011.
- The 2011 BTC was not the only thing that happened. On March 26, 2022, 500 bitcoin were activated from a bitcoin address which had been dormant for 9.8 year. According to Whale Alert. 400 BTC were derived from transactions that took place between June 14, 2012 and November 23, 2013. The remaining 100 BTC resulted from transactions sent after that date.
- Whale Alert had captured 500 BTC and paid $22.1 Million at settlement.
Let us know your thoughts on the 2011 81.79 bitcoin sent Sunday, the first in more than 10 years. We’d love to hear your opinions on the subject below in comments.
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