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On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating 2,000 bitcoins from 2010, marking another significant string of BTC movement after the assets had not been touched for more than a decade.
2,000 Bitcoins From 2010 Moved by Notorious Whale
On Tuesday, March 26, 2024, the prominent entity known for its vast bitcoin (BTC) movements, previously spotlighted by Bitcoin.com News on over a dozen occasions, emerged once more to transfer 2,000 BTC, valued at $139.9 million at current exchange rates. This occurrence marks the third time this month the entity has conducted a string of transactions in this manner, with prior activities on March 1, moving 2,000 BTC, and on March 5, shifting 1,000 BTC.
Our news team first detected this entity on March 11, 2020, and it’s highly likely that such transactions from this entity predate 2020. Typically, beyond March 1, 2024, this whale tends to move only 1,000 coin batches, making Tuesday’s transaction another deviation from its usual spending patterns. Echoing previous habits, the 40 transactions observed by btcparser.com on March 26 originate from block rewards accumulated from August to November 2010.
The block rewards, while not moved in sequential order, were initially mined between block heights 71,723 and 89,778 that year. By 8:00 p.m. Eastern Time, at block height 836,441, the whale has yet to relocate the 2,000 bitcoin cash (BCH) associated with these coins. Visible through theholyroger.com, each of the 40 transactions was verified in a single block at block height 836,425. Consistent with earlier occurrences, all 40 block rewards from 2010 came from Pay-to-Public-Key-Hash (P2PKH) addresses and were once again consolidated into a single Pay-to-Script-Hash (P2SH) wallet.
For a short period of time, the assets remained in the same wallet, though the coins were eventually distributed from this collective wallet known as “34WQ7.” The month of March has become notable for the movement of vintage bitcoins, and this entity’s three actions have contributed to the intrigue surrounding such vintage transactions. This particular whale consistently stands out, never hesitating to make a splash with its onchain activities. By March 27, the bitcoin cash (BCH) linked to the vintage coins had been transferred, and the 2,000 BTC were divided into smaller portions, and then dispatched to an address that appears to be affiliated with Coinbase..
What do you think about the 2010 mining entity that has spent 40 block rewards with 2,000 bitcoins in a single string? Let us know what you think about this subject in the comments section below.