A stash of 1,000 Bitcoin mined in 2010 has been moved for the first time this week. After consolidation and redistribution across multiple addresses, 9.99 BTC (worth over $100,000) was donated to the Free Software Foundation (FSF).
First Movement Since 2010
Cryptocurrency trader Kirill K. first spotted this transaction and shared the timeline on LinkedIn:
- October 11, 06:14 UTC: 1,000 BTC transferred to this address.
- 31 minutes later: Funds redistributed across 81 unique addresses.
- 2 hours after redistribution: 9.99 BTC donated to the FSF.
👉 Why are early Bitcoin holders suddenly moving their coins?
Possible Connection to March’s Ancient Bitcoin Transfer
Kirill K. suggests this movement shares striking similarities with a March transaction, potentially orchestrated by the same entity:
- Both involved 1,000 BTC transfers.
- Funds moved to P2SH-type addresses.
- Intermediate BECH32 addresses used.
- A single address received 200 BTC in both cases.
Decade-Long "HODL" Continues
2023 has seen multiple ancient Bitcoin movements, revealing long-term holders’ unwavering confidence:
- The two 1,000 BTC transfers (March and October).
- May’s movement of 50 BTC dormant since 2009.
- An early miner disproving Craig Wright’s claims by signing messages from 145 addresses, holding at least 7,250 BTC.
These holders’ conviction in Bitcoin’s protocol and future value remains unshaken—even as prices soar beyond 2010 levels.
👉 What drives Bitcoin’s long-term holders?
FAQ Section
Q: Why would someone hold Bitcoin for over a decade?
A: Early adopters often believe in Bitcoin’s long-term potential as a store of value or decentralized currency, outweighing short-term price fluctuations.
Q: Are these movements a sign of selling pressure?
A: Not necessarily. Donations and redistributions suggest strategic planning rather than liquidation.
Q: How significant is the FSF donation?
A: At ~$100,000, it underscores crypto’s growing role in funding open-source initiatives.
Risk Disclosure: Cryptocurrency investments are highly volatile. You may lose all invested capital. Assess risks carefully.
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