BTC Holders From 2010 Sell 50 Coins On Bitcoin Pizza Day Celebration Yesterday

Bitcoin. (Photo; Doc. Unsplash)

JAKARTA Right on Monday, May 22, the crypto community commemorated the 13th Jubileum Pizza Bitcoin. It was a historic event when a programmer namedten Hanyecz bought Pizza Papa John's Supreme for 10,000 Bitcoins on May 22, 2010.

According to Investopedia, when 10,000 BTC was issued to buy Pizza at that time was worth around 41 US dollars or the equivalent of Rp. 609 thousand. Hanyecz himself admitted that he did not regret his decision, although at this time if converted to rupiah, 10,000 Bitcoins were worth around 1.33 million US dollars or Rp. 4 trillion based on the current BTC exchange rate which is trading at Rp405 million.

During the celebration of Jubileum Pizza Bitcoin Day, a long-term bitcoin holder was reported to have spent 50 BTC from an address set up on July 12, 2010. Until now, the purpose of the BTC holder is not yet known apart from celebrating the historic event.

Throughout this year, there have been many block gift expenditure transactions from 2011 or inactivated bitcoin addresses from the following years. Even so, only four transactions involving block reward spending from 2010 occurred in 2023. Block prizes spent by the "1B67K" address are not only BTC but also include 50 bitcoin cash (BCH). Currently BCH is trading at a price of IDR 1.7 million.

According to the latest report, the transfer has been discovered by the Blockchair privacy device which has the potential to track the address of the old wallet. This shows that Blockchair identifies aspects of significant privacy of those involved in the transaction. Blockchair detected the 50 BTC transaction on Monday.

Then, Btcparser.com found transactions from 2010 on their platform and there have been three other exchanges from the same year. one occurred on March 20, 2023, the other on February 1, 2023, and the other occurred on April 22, 2023. Prior to the February incident, previous transfers involving block rewards from 2010 occurred on December 30, 2022. Data from late 2022 and early 2023 shows that transactions from 2010 began to rarely occur.