Dormant Bitcoin Wallet From 2010 Makes Rare Transaction on 13th Anniversary of Bitcoin Pizza Day

As bitcoin enthusiasts commemorate Bitcoin Pizza Day, marking the 13th anniversary of Laszlo Hanyecz’s acquisition of two pizzas for 10,000 BTC on May 22, a dormant sleeping bitcoin wallet from July 2010 has made a transaction of 50 BTC after almost 13 years.

Bitcoin Wallet From 2010 Comes Out of Hibernation on Bitcoin Pizza Day

On Monday, May 22, 2023, bitcoin supporters are observing the landmark event when software programmer Laszlo Hanyecz traded 10,000 BTC for two Papa John’s supreme pizzas. Valued at $266 million at current exchange rates, Hanyecz has repeatedly stated that he has no regrets about the decision.

Coinciding with the 13th-anniversary celebrations of Bitcoin Pizza Day, a long-time bitcoin holder opted to spend 50 BTC from an address established on July 12, 2010. The original acquisition transaction took place just 51 days after Hanyecz utilized his 10,000 Bitcoins and the coins are now worth $1.33 million based on current BTC exchange rates.

Throughout this year, there have been numerous instances of block reward expenditures from 2011 or inactive bitcoin addresses from later years; however, only four transactions involving block rewards from 2010 have occurred in 2023 thus far. The block subsidy spent by the address “1B67K” also includes 50 bitcoin cash (BCH), which remains untouched today with a value of $5,736.

The transfer was found to lack privacy by Blockchair’s privacy tool, revealing “critical” issues that could lead to address tracking. A “critical” rating indicates that Blockchair identified aspects that significantly compromise the privacy of those involved — for example, matched addresses were detected in the 50 BTC transaction made on Monday.

Btcparser.com spotted the transaction from 2010 on its chain parsing platform and there’s been three other exchanges from the same year: one occurring on March 20, 2023, another taking place on February 1, 2023, and another that happened on April 22, 2023. Prior to the February instance, a previous transfer involving a 2010 block subsidy took place on December 30, 2022. Data from late 2022 and early 2023 reveal that transactions from 2010 have become increasingly scarce.

What do you think about the increasing rarity of transactions from 2010 bitcoin wallets? Share your thoughts and opinions about this subject in the comments section below.

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