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‘Satoshi-era’ miners move $15 million worth of Bitcoin after 15 years
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On September 20, five Bitcoin (BTC) mining wallets that had been dormant for about 15 years became active again. They moved 250 Bitcoins, worth more than $15 million based on current cryptocurrency prices. The move caught the attention of the crypto community. After all, the wallets had received their mining rewards in early 2009, during the so-called “Satoshi era.”
These wallets, which had never made any transactions before, received 50 BTC each as a reward for mining blocks at the beginning of Bitcoin’s development. This period is considered special by cryptocurrency enthusiasts. This is because it refers to the period when Satoshi Nakamoto, the pseudonymous creator of Bitcoin, was still active and involved with the project.
The return of these wallets to activity has piqued the curiosity of the crypto community, which always closely monitors any movement of funds from the Satoshi era. This is because any significant transfer of coins from this era could raise speculation about their possible connection to Nakamoto.
While there is no confirmation that these wallets belong to the creator of Bitcoin, the fact that they all moved funds on the same day suggests that they may be related to a single owner or group of miners from that time.
Satoshi-era miners move Bitcoin
The appreciation of these coins is significant. When these miners received their rewards in 2009, Bitcoin was worth just a few cents. With the current price of over $63,000, the profits of these miners exceed the 1,000,000% mark. In other words, it is an unmatched profitability in the world of investments.
The movement of old wallets is nothing new in the crypto space. According to a report by Fortune, approximately 1.75 million Bitcoin wallets have been inactive for over a decade, some of them holding large amounts of BTC. In total, these wallets hold around 1.798 million BTC, which is estimated to be worth over $120 billion.
In recent years, there have been other cases of Satoshi-era wallets being reactivated, with some transfers even being sent to exchanges, indicating that their owners may be taking advantage of the currency’s appreciation to cash in after years of waiting. This recent move continues that trend, but it still raises questions about who actually holds these Bitcoins and what prompted the return of activity.
‘Satoshi-era’ miners move $15 million worth of Bitcoin after 15 years
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‘Satoshi-era’ miners move $15 million worth of Bitcoin after 15 years
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‘Satoshi-era’ miners move $15 million worth of Bitcoin after 15 years
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‘Satoshi-era’ miners move $15 million worth of Bitcoin after 15 years
