A Bitcoin wallet that hasn’t been used since 2009 moved 250 BTC, which is worth about $16 million, on September 20. In the so-called “Satoshi era,” this one-of-a-kind exchange shows what an early cryptocurrency “whale” did.
This word refers to the years 2009–2011, when Satoshi Nakamoto, the anonymous creator of Bitcoin, was involved in online forums, where he or she shaped the future of digital currencies. At this point, Bitcoin was a niche idea that most people outside of the financial world and popular media didn’t know much about.
Bitcoin Sent To New Addresses
Since then, the world of cryptocurrencies has changed. Bitcoin is now a well-known asset that is talked about on Bloomberg and sold as Exchange-sold Funds (ETFs). Whale Alerts, an on-chain tracker, noticed that the 250 BTC recently moved. It was moved in five different transactions of 50 BTC each.
The transactions took place in the European morning and sent Bitcoin to new addresses that could not be found. On-chain data shows that these BTC were mined as block awards in the very early days of Bitcoin, which gives us a look at what the first miners owned.
It is not common for wallets from the Satoshi era to be transferred, but it will happen. A wallet that hadn’t been used in 14 years sent $3 million worth of Bitcoin to Binance, a well-known cryptocurrency market, in June 2024.
In January of this year, another strange transaction happened: over $1 million in BTC was sent to the empty address linked to BTC founder. This event made people in the crypto community even more curious.
Even though no one knows who is behind these recent trades, they continue to generate interest and show how the early adopters of BTC have had a lasting effect on today’s crypto markets. The current value of BTC is around $63,000. These old trades show how far the cryptocurrency has come since it was first created.
