About 250 BTC from the early days of Bitcoin, known as the “Satoshi era,” were transferred on Friday in five separate transactions, each moving about 50 BTC to new wallets. The total value of the transfer was close to $16 million.
JUST: It’s Satoshi’s time #Bitcoin wallets recently moved over 250 BTC worth $16 million mined in January 2009 🤯
The wallet owner held $0 to $63,000. A legend! 🙌
– Bitcoin Magazine (@BitcoinMagazine) September 20, 2024
The coins were first mined in January 2009, just months after Bitcoin was launched, and have remained inactive ever since. An analysis of the Arkham blockchain shows that the wallets are not connected to the anonymous creator of Bitcoin, Satoshi Nakamoto.
Real wallets that moved coins are: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA, 1MBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH, 13J8FkimCLQ2EnP1xRm7yH4hp8gZE9Afu 71izLRyjSzGSX, 1C4rE41Kox3jZbdJT9yatyh4 H2fMxP8qmD
It is possible that the transfer was from an early Bitcoin miner who received coins when BTC was worthless. After holding them for more than 15 years, they are now worth an estimated $16 million.
This shows the conviction of the early believers who realized the potential value of Bitcoin long before the recent meteoric price rise. An anonymous owner mined and held these coins where Bitcoin is a niche experiment, showing incredible faith.
Although the actual owner remains a mystery, the transfer is among the largest amount of “Satoshi era” Bitcoin has ever moved. There was no activity sending the coins to the exchange, indicating that the owner may intend to continue holding them.