A Bitcoin address holding 100.02 BTC mined in July 2010 executed a transaction on Wednesday, moving the coins for the first time since their creation more than 16 years ago. The address sent 10 BTC to one recipient and approximately 90.02 BTC to another, according to Galaxy Research, the research arm of Galaxy Digital.
The coins arrived at the address as two separate mining rewards created in July 2010, when miners received 50 newly created coins per block. One reward consisted of 50 BTC, the second of 50.02 BTC including fees. At the time of receipt, Bitcoin traded near 6 cents per coin, valuing the holding at roughly $6. At the time of the transaction on October 8, 2026, Bitcoin traded at $82,570.66, making the 100 BTC worth approximately $8.5 million.
“This address has been somewhat active in the past, but these specific coins have not moved since 2010. We track the coins,” Galaxy Research said. The address had spent other bitcoin between 2011 and 2018, including 200 BTC in August 2015, 100 BTC in December 2017, and 249 BTC in March 2018. However, these particular 100.02 BTC remained unspent until Wednesday’s transaction.
Satoshi Era Holdings
The coins date from the early period of Bitcoin known as the “Satoshi era,” when the network’s pseudonymous creator was still active. The age of the coins does not establish a connection to Satoshi Nakamoto, according to public records. Bitcoin’s design allows a wallet to hold multiple separate payments, called UTXOs (unspent transaction outputs), and spend one while leaving others untouched. This structure enabled the address holder to move coins received in 2010 while keeping other holdings dormant.
Public records do not identify who controls the address or the receiving addresses, nor do they confirm whether the coins will be sold or remain held. Galaxy Digital, a cryptocurrency financial services firm, previously sold more than 80,000 BTC for an early investor in July 2025.
