Two dormant Bitcoin addresses move 100 BTC after more than 16 years

Two Bitcoin addresses that had been dormant for more than 16 years moved 100 BTC on Friday. The Block reports that the transfer was worth about $6.89 million at the time of its report.

According to Decrypt, the coins came from two mining rewards dated September 2010, and the two movements happened minutes apart. Decrypt says the coins are now worth nearly 1.15 million times their original market value. The Block framed the story around the rise in value from about $6 million to $6.9 million. Both outlets reported the amount in US dollars, so the value depends on the Bitcoin price at the time of each report.

The reports do not say who controls the two addresses. They also do not say whether the 100 BTC were sold, sent to an exchange or moved to new wallets. Neither source gives a destination, so the purpose of the transfers is still unknown.

Both sources describe the same single event, so the story rests on those two reports. Neither outlet provides a statement from the owners, and no independent confirmation is given in the coverage.