About 250 bitcoins from the early days of Bitcoin, known as the “Satoshi era,” were transferred on Friday in five separate transactions, each of which moved about 50 bitcoins to new wallets. The total value of the transfers was nearly $16 million.
New: Satoshi Era #Bitcoin The wallets just moved over 250 BTC worth $16M mined in January 2009 🤯
The wallet owner kept between $0 and $63,000. Legend! 🙌
— Bitcoin Magazine (@BitcoinMagazine) September 20, 2024
These coins were first mined in January 2009, just a few months after Bitcoin was launched, and have been dormant ever since. Arkham Blockchain Analysis It shows that the wallets are not associated with the pseudonymous creator of Bitcoin, Satoshi Nakamoto.
The original wallets that transferred the coins are: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA, 1MBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH, 13J8FkimCLQ2EnP1xRm7yHhpaZQa9H4p8E, 18E5d2wQdAfutcXgziHZR71izLRyjSzGSX, 1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD
The transfers are likely owned by one of the early Bitcoin miners who acquired the coins when Bitcoin was practically worthless. After holding them for more than 15 years, they are now worth $16 million.
This demonstrates the conviction of early believers who recognized the potential value of Bitcoin long before its recent dramatic price rise. The anonymous owner mined and held these coins when Bitcoin was a niche experiment, demonstrating remarkable faith.
While the original owner remains a mystery, the transfers are among the largest amounts of Satoshi-era bitcoin ever moved. There has been no activity sending the coins to exchanges, suggesting the owner may intend to continue holding onto them.
Comments are closed, but trackbacks and pingbacks are open.