The 2nd halving event occurred on July 9, 2016 after 420,000 blocks had been mined. The block reward decreased from 25 to 12.5 coins per block.
![money illustration](https://cdn.statmuse.com/finance/asset_img/bitcoin-rocket-01-min--hupskuwz.png)
The 2nd halving event occurred on July 9, 2016 after 420,000 blocks had been mined. The block reward decreased from 25 to 12.5 coins per block.