Round 250 BTC from the early days of Bitcoin, generally known as the “Satoshi period,” had been transferred on Friday in 5 separate transactions, every shifting round 50 BTC to new wallets. The full worth of the transfers was near $16 million.
JUST IN: Satoshi period #Bitcoin wallets simply moved over 250 BTC value $16 million mined in Jan 2009 🤯The proprietor of the wallets hodled from $0 to $63,000. Legend! 🙌
— Bitcoin Journal (@BitcoinMagazine) September 20, 2024
The cash had been initially mined in January 2009, simply months after Bitcoin’s launch, and have lain dormant since. Arkham blockchain evaluation reveals the wallets are usually not linked to Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
The unique wallets that moved the cash are: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA, 1MBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH, 13J8FkimCLQ2EnP1xRm7yHhpaZQa9H4p8E, 18E5d2wQdAfutcXgziHZR71izLRyjSzGSX, 1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD
The transfers doubtless belonged to an early Bitcoin miner who acquired the cash when BTC was virtually nugatory. After holding them for over 15 years, they’re now valued at $16 million.
This demonstrates the conviction of early believers who acknowledged Bitcoin’s potential worth lengthy earlier than the current meteoric value rises. The nameless proprietor mined and held these cash when Bitcoin was a distinct segment experiment, exhibiting exceptional religion.
Whereas the unique proprietor stays a thriller, the transfers are amongst one of many largest quantities of “Satoshi period” Bitcoin ever moved. There was no exercise sending the cash to exchanges, indicating the proprietor might intend to proceed holding them.
