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Bitcoin Address Records First 411.45 BTC Spend After 2013 Funding

The receiving address had no outgoing payments on record when checked. The transfer alone does not establish a sale or cash proceeds.

Updated 1 min read
A highlighted transfer connects two ledger blocks in an editorial Bitcoin graphic. / EconoTimes.ai
A highlighted transfer connects two ledger blocks in an editorial Bitcoin graphic. / EconoTimes.ai

Bitcoin block 972,036 records a 411.44999663 BTC payment from an address whose two principal deposits date to September 2013.

The destination had no outgoing payments on record when checked. The transfer alone does not establish a sale or show that the holder received cash. Using a reference price of $81,097.11 per BTC, the coins moved were valued at an estimated $33.4 million.

Two deposits on Sept. 11, 2013, credited the sending address with 411 BTC and another 0.45 BTC. Smaller payments arrived in later years, but its transaction history shows no outgoing payment before Oct. 18. The public record does not identify who controls either address.

The transaction entered Bitcoin block 972,036 at 2:23 p.m. ET (18:23 UTC) on Oct. 18, which was 3:23 a.m. Oct. 19 in Korea. Two inputs totaling 411.45 BTC funded a payment of 411.44999663 BTC to one address, with 337 satoshis paid as a fee.

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