On Friday, approximately 250 BTC from the early “Satoshi era” were moved in five distinct transactions, each transferring about 50 BTC to new wallets. The total worth of these transfers approached $16 million.
The coins were first mined in January 2009, just a few months after Bitcoin’s inception, and have remained untouched until now. Arkham blockchain analysis indicates that these wallets are not connected to Bitcoin’s enigmatic creator, Satoshi Nakamoto.
The wallets that executed the transfers are: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA, 1MBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH, 13J8FkimCLQ2EnP1xRm7yHhpaZQa9H4p8E, 18E5d2wQdAfutcXgziHZR71izLRyjSzGSX, 1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD
It is likely that these transfers belonged to an early Bitcoin miner who obtained the coins when BTC had little value. After holding onto them for over 15 years, they are now estimated to be worth $16 million.
This event highlights the unwavering belief of early adopters who saw Bitcoin’s potential long before its recent surge in price. The anonymous holder mined and retained these coins during Bitcoin’s experimental phase, showcasing remarkable confidence in its future.
Despite the original owner’s identity remaining unknown, these transfers rank among the largest quantities of “Satoshi era” Bitcoin moved. No transactions have been made to exchanges, suggesting the owner may plan to retain possession.
