After waiting patiently for more than a decade, the miner who spent the ‘sleeping bitcoin’ on Friday saw a percentage gain of 76,249,900% if the individual cashed out into U.S.
It’s been a while since a block reward of 2010 ‘sleeping bitcoins’ have been spent and on Friday, a block reward from that era was transferred after sitting for 11 years and five months.
Bitcoin.com News, alongside help from the creator of the blockchain parser btcparser.com, and members of the Telegram channel “Gold Found In Sand,” have been identifying these old school miners from 2010 and other years for quite some time.
The 2010 block reward move on Friday, if exchanged for fiat would be worth over $3.1 million, as bitcoin opened the day on Friday exchanging hands for $62,237 per unit.
The miner would manage to gain a whopping 76,249,900% increase in value if he or she decided to trade the funds for fiat that day.
This is because the terms “spent” or “spend” in this article do not necessarily mean that the bitcoins were “sold” to a third party like a popular crypto exchange.
Those coins remain idle to this day as the stash of BCH is worth $31,312 and the BSV is worth $8,595 at the time of writing.
Additionally, the mystery whale that was caught by Bitcoin.com News and help from btcparser.com, has not returned to move strings of bitcoin rewards in over three months.
Prior to the June 9 spend of 1,000 ‘sleeping bitcoin,’ worth $35 million at the time of transfer, the whale waited 78 days to come back.
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