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On Friday, around 250 btc from the early days of bitcoin, known as the “Satoshi era,” were transferred in five separate transactions, each of which moved around 50 btc to new wallets. The total value of the transfers was close to $16 million.
The coins were originally mined in January 2009, just a few months after bitcoin was launched, and have remained dormant ever since. Arkham Blockchain Analysis shows that the wallets are not linked to bitcoin's pseudonymous creator, Satoshi Nakamoto.
The original wallets that moved the coins are: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA, 1MBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH, 13J8FkimCLQ2EnP1xRm7yHhpaZQa9H4p8E, 18E5d2wQdAfutcXgziHZR71izLRyjSzGSX, 1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD
The transfers likely belonged to one of the first bitcoin miners who acquired the coins when btc was practically worthless. After holding onto them for more than 15 years, they are now valued at $16 million.
This demonstrates the conviction of early believers who recognized bitcoin’s potential value long before the recent meteoric price rises. The anonymous owner mined and held these coins when bitcoin was a niche experiment, demonstrating remarkable faith.
While the original owner remains a mystery, the transfers are among the largest amounts of “Satoshi-era” bitcoins ever moved. There has been no activity sending coins to exchanges, indicating that the owner may intend to continue holding onto them.
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