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A rare “Satoshi era” Bitcoin miner address woke up after being dormant for 14 years, sending over $3 million worth of BTC to Binance.
An early <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> miner moved 50 <a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>, equivalent to $3.05 million, marking a rare transaction from the “Satoshi era.” According to <a href="https://x.com/lookonchain/status/1806155380172722295" target="_blank" rel="noopener noreferrer nofollow">data</a> from Lookonchain, the address 1PDTD…m3Jcm sent the funds to <a href="https://crypto.news/tag/binance/" target="_blank" rel="noopener noreferrer nofollow">Binance</a> on Jun. 27.
Blockchain transaction history indicates that the miner obtained 50 BTC in July 2010, a few months after the Bitcoin network launched.
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 A miner wallet woke up after being dormant for 14 years and deposited 50 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>($3.05M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Binance</a> 7 hours ago. The miner earned 50 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> from mining on July 14, 2010. Address: 1PDTDwpgRPdQaCcp3Th6zaMASgcCcm3Jcm <a href="https://t.co/toKmBfbUne" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/toKmBfbUne</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1806155380172722295?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 27, 2024</a>
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You might also like: <a href="https://crypto.news/2-btc-wallets-dormant-11-years-transfer-60m-20-minutes/" rel="noopener noreferrer nofollow"> 11 years dormant, 20 minutes to transfer $60m: Mysterious Bitcoin wallet activation piques curiosity </a>
The “Satoshi era” address refers to addresses that were active during the early days of the Bitcoin network, specifically from the time when the first cryptocurrency was created by <a href="https://crypto.news/tag/satoshi-nakamoto/" target="_blank" rel="noopener noreferrer nofollow">Satoshi Nakamoto</a> in 2009 until around 2011, which is when Satoshi Nakamoto mysteriously disappeared.
This is not the first instance of old Bitcoin wallets reactivating. Several addresses from the “Satoshi era” have shown activity since early 2023. In July of last year, a wallet dormant for 11 years transferred $30 million worth of Bitcoin to other wallets. In August, another wallet moved 1,005 BTC to a new address.
In March 2024, another long-inactive miner transferred funds after 14 years, with part of the transaction ending up at the crypto exchange Coinbase.
Read more: <a href="https://crypto.news/dormant-whale-awakens-after-8-years-moves-over-116-million-of-ethereum-to-kraken/" rel="noopener noreferrer nofollow"> Dormant whale awakens after 8 years, moves over $116 million of Ethereum to Kraken </a>

Dormant Bitcoin miner sends $3m to Binance after 14 years of inactivity

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