BTC Addresses From 2009 Wake Up After Complete Silence

September 20, 2024

(Updated:

)

Arkham
Research Team

Table of contents

    Dormant BTC Addresses Dashboard
    2009 BTC Miner Transaction Dashboard on Arkham

    Five dormant Bitcoin addresses just woke up after almost 16 years of inactivity. These addresses were active in the first month after Bitcoin’s launch in January 2009, as some of the earliest miners on the network. These addresses mined Bitcoin in some of the earliest blocks on the network, numbered 2247, 2401, 2455, 2486 and 2690. As their reward, these five addresses received a total of 50 BTC each ($3.19M) or a total of 250 BTC ($15.95M). While the amount remains relatively insignificant when compared to the total market capitalization of Bitcoin, traders and investors alike are concerned if this move is part of a larger trend of awakening dormant addresses. Additionally, there are theories on whether the BTC movement could be related to compromised private keys on early wallets, which could result in the transferred BTC being sold off quickly and laundered.

    BTC Transaction Explorer on Arkham
    bc1qqh receives 50 BTC

    As some of the earliest miners on the blockchain, BTC had zero dollar value at the point of mining, with the first recorded value of the cryptocurrency coming several months later in late 2009. The first recorded value of $0.00099 was registered in October 2009 when Finnish computer science student Martti Malmi, better known online by his pseudonym, Sirius, traded 5,050 BTC for $5.02. 

    Information provided herein is for general educational purposes only and is not intended to constitute investment or other advice on financial products. Such information is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any particular digital asset or to use any particular investment strategy. Arkham makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information on this website and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, can lose value, and can even become worthless; additionally, digital assets are not covered by insurance against potential losses and are not subject to FDIC or SIPC protections. Historical returns are not indicative of future returns.