The early Bitcoins, also known as BTC, were worth around 250 BTC. “Satoshi era,” Five separate transactions were made on Friday, each transferring around 50 BTC into new wallets. Transfers totaled close to 16 million dollars.
These coins, which were mined just a few months after Bitcoin was launched in 2009, have been dormant ever since. Arkham blockchain analysis Shows the wallets’ aren’t linked to Bitcoin’s pseudonymous inventor. Satoshi Nakamoto.
The original wallets that moved the coins are: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA, 1MBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH, 13J8FkimCLQ2EnP1xRm7yHhpaZQa9H4p8E, 18E5d2wQdAfutcXgziHZR71izLRyjSzGSX, 1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD
These transfers are likely to be from an early Bitcoin miner When BTC was almost worthless, who bought the coins? The coins are now worth over $16 million after holding them for more than 15 years.
It shows the early Bitcoin believers’ conviction, who saw the potential of Bitcoin long before its recent price explosion. This anonymous owner held and mined these coins back when Bitcoin was still a niche experiment. It shows remarkable faith.
Although the owner is unknown, these transfers represent one of largest amount of “Satoshi era” Bitcoin ever moved. The owner has not sent the coins out to an exchange, which indicates that they intend to keep them.
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Source: bitcoinmagazine.com