Blockchain data shows that the 687.33 BTC—today worth $43.7 million—were moved late Sunday after a decade of dormancy. The coins first arrived at the address in January 2014, when 1 BTC was worth less than $900, and hadn't moved since, the data shows.
The price of BTC now stands at $63,467, according to CoinGecko, meaning the lucky investor is sitting on gains of 7,228%.
Interestingly, blockchain data suggests that the as-yet-unidentified holder paid less than $2 as a transaction fee to move the coins on Sunday.
CryptoQuant, which monitors blockchain activity, told Decrypt that the coins came from block rewards from back in 2011, so it's highly likely the BTC belongs to an early miner.
Bitcoin miners are people—or organizations—which work to keep Bitcoin network running. Using computers and lots of energy, they mint new coins and process transactions and are rewarded in BTC for doing so.
Edited by Andrew Hayward
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