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Home Cryptocurrency Bitcoin

Dormant Bitcoin Miner Transfers $14M BTC After a Decade

A dormant Bitcoin miner moves 250 BTC worth $13.95M to new wallets after ten years, highlighting long-term holding strategies.

by John Darbie
Wed, Aug 7, 2024 6:00pm
in Bitcoin
• 2 mins read
14.8k
Dormant Bitcoin Miner Transfers M BTC After a Decade | FinOracle

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Dormant Bitcoin Miner Moves $14M BTC After a Decade

A Bitcoin miner who has been inactive for over a decade transferred 250 Bitcoin (BTC), valued at approximately $13.95 million, to five new wallets on Wednesday. Bitcoin mining began in 2010, allowing users to earn BTC through a process that was much less competitive and energy-intensive than today's standards.

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