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On the 13th Anniversary of Bitcoin Pizza Day, a Bitcoin Wallet That Hasn’t Been Used Since 2010 Makes a Rare Transaction

Author

Jay Solano

Tags

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Category

Crypto News

Reading time

2 mins
Last update

Author

Jay Solano

Tags

Reading time

2 mins
Last update

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As Bitcoin fans celebrate Bitcoin Pizza Day, which marks the 13th anniversary of Laszlo Hanyecz’s purchase of two pizzas for 10,000 BTC on May 22, a dormant Bitcoin wallet from July 2010 has made a move of 50 BTC after almost 13 years.

On May 22, 2023, people who support bitcoin will remember the moment when software developer Laszlo Hanyecz traded 10,000 BTC for two Papa John’s supreme pies. Hanyecz has said many times that he doesn’t regret the choice, which is worth $266 million at the current exchange rate.

Coinciding with the 13th-anniversary celebrations of Bitcoin Pizza Day, a long-time Bitcoin user spent 50 BTC from an address created on July 12, 2010. Hanyecz bought the first thing with his 10,000 Bitcoins just 51 days after he used them, and the coins are now worth $1.33 million based on the current BTC exchange rate.

This year, there have been a lot of transactions that used block rewards from 2011 or defunct bitcoin addresses from later years. However, so far in 2023, only four transactions have used block rewards from 2010. The address “1B67K” spent a block reward that included 50 bitcoin cash (BCH), which is worth $5,736 and has not been used.

Blockchair’s privacy tool found that the move didn’t have enough privacy. This showed “critical” problems that could be used to track an address. A “critical” rating means that Blockchair found things that seriously hurt the privacy of those involved. For example, matched addresses were found in the 50 BTC trade that happened on Monday.

On its chain parsing platform, Btcparser.com found a trade from 2010. It also found three other exchanges from the same year: one on March 20, 2023, another on February 1, 2023, and another on April 22, 2023. Before the event in February, a transfer of a block grant from 2010 happened on December 30, 2022. From data from the end of 2022 and the beginning of 2023, we can see that trades from 2010 are becoming less common.