Bitcoin Wallet Moves 50 BTC Worth $5 Million After 15 Years
A Bitcoin wallet containing 50 BTC mined over 15 years ago has been activated, now valued at $5 million. Originally worth $0.10 each, the transaction showcases key Bitcoin features: SegWit for scalability, Taproot for privacy, and RBF for fee adjustments.
- The wallet holder executed a full transfer of $5 million without conducting a test transaction.
- Dan Robustus noted that the transaction used a Pay-to-Public-Key (p2pk) output format, which is now considered quantum-vulnerable.
- Speculations link the wallet to Silk Road founder Ross Ulbricht, but no evidence supports this theory.
- Bitcoin's price rose from around $0.10 in 2009 to consistently above $100,000 in 2025.
- Early adopters have seen significant returns on investment as dormant wallets become active.
This transfer highlights a trend of Satoshi-era wallets being utilized, with some coins speculated to belong to Bitcoin's creator, Satoshi Nakamoto.