Another Mysterious Satoshi-Era Bitcoin Move—$15.5 Million Transfer
updated on:8 Nov 2020
Bitcoin from 2010 was just moved to another address. The Bitcoin has shot up in value since it was last moved—and is now worth $15.5 million.
It isn’t clear why the coins were moved—but it is likely the owner would’ve been in contact with Bitcoin’s creator.
Bitcoin worth $15.5 million that had previously been sitting around in idle wallets has just moved. The Satoshi-era Bitcoin was transferred yesterday after not being touched since 2010. The transfer of Bitcoin was made up of 20 blocks, with 1,000 Bitcoin in each block.
It isn’t clear who moved the Bitcoin or why they decided to transfer it to another address but the Satoshi-era coins were mined back in 2010—when the currency was worth peanuts.
“Satoshi era” Bitcoin refers to coins mined when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was still communicating with the crypto world. Nakamoto’s identity is still unknown and no one has heard from him since 2010. If the owner of the coins moved yesterday were to sell them now, the profits would be astronomical: in 2010, 1 Bitcoin was worth less than $0.10. Today the cryptocurrency is trading for $15,342.56, according to CoinMarketCap.
This isn’t the first time this year Bitcoin that previously had been collecting dust has been moved. Just last month, $11.4 million-worth of Bitcoin was moved. It had also been sitting in an idle wallet since 2010. It’s likely that the owners of the Bitcoin would’ve been some of the first miners of the cryptocurrency. Maybe they even know who Nakamoto is.
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