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Reading: 250 Bitcoins from Satoshi’s Era Moved After 15 Years
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EdaFace Newsfeed > Latest News > Crypto News > 250 Bitcoins from Satoshi’s Era Moved After 15 Years
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250 Bitcoins from Satoshi’s Era Moved After 15 Years

vitalclick
Last updated: September 20, 2024 11:46 am
1 year ago
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Contents
BTCs Mined in 2009 Are Moving AgainAnalysis Rejects Satoshi LinkThe Faith and Patience of an Early Miner

Bitcoin $63,421In the early days of , around 250 BTC from the so-called “Satoshi era” were transferred to new wallets in five separate transactions today. Approximately 50 BTC were moved in each transaction, bringing the total transfer value to around $16 million.

BTCs Mined in 2009 Are Moving Again

The BTCs in question were obtained through mining in January 2009, just months after Bitcoin was launched, and have remained dormant since then. The movement of these coins, which have not been touched for a long time, $0.517378“Statements-as-a-warning-to-investors-the-effects-of-the-banking-crisis-will-continue”>made a big splash in the cryptocurrency world.

Analysis Rejects Satoshi Link

According to Arkham’s analysis, these wallets have no connection to Bitcoin’s pseudonymous creator, Satoshi Nakamoto. “Our analysis shows that these wallets are not associated with Satoshi Nakamoto,” Arkham said.

The original wallet addresses of the moved coins are as follows: 1CGT3Ywaa2upJfWtUtbXonDPNTfZPWqzmA, 1MBBJBFEaYKHFZAeV7hQ7DWdu3aZktjzFH, 13J8FkimCLQ2EnP1xRm7yHhpaZQa9H4p8E, 18E5d2wQdAfutcXgziHZR71izLRyjSzGSX and 1C4rE41Kox3jZbdJT9yatyh4H2fMxP8qmD.

The Faith and Patience of an Early Miner

The transfers are thought to have come from an early miner who acquired the coins when Bitcoin was worthless. He held onto the coins for over 15 years, and now has a fortune worth $16 million.

This shows that those who believed in Bitcoin since its early days realized the potential of the cryptocurrency long ago. The owner of the BTCs showed great faith by mining Bitcoin when it was still a niche experiment and holding it for a long time.

While the original owner remains a mystery, these transfers are recorded as some of the largest amounts of “Satoshi-era” Bitcoin ever moved. The fact that the coins were not sent to exchanges suggests that the owner plans to continue holding them.

These transfers shed light on the early history of Bitcoin, while also providing an important perspective on the development and current value of the cryptocurrency. The movement of coins that have been inactive for a long time is a remarkable event in the market, and once again reveals the dynamic and surprising nature of the cryptocurrency world.

Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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