Two dormant 16-year Bitcoin whale addresses move $6.9M in BTC

Two Bitcoin whale addresses dormant for 16 years each transferred 50 BTC, or 100 BTC worth $6.89 million in total, to new addresses, The Block reported, citing Bitcoin explorer Mempool. The transferred BTC was later consolidated into a single new address. The BTC came from 2010 mining rewards and was worth about $6 in total at the time. The identity of the wallet owner and the purpose of the transfer were not confirmed.