Satoshi era Wallet transfers 2,000 Bitcoin

A wallet that initially held coins during the early days of Bitcoin moved 2,000 BTC for the first time since 2010. The Bitcoin wallet transferred almost $180 million in BTC to Coinbase an American-based cryptocurrency exchange in November. 15.

Lookonchain claims that the whale hodled for 14 years based on on-chain data.  This indicates that the BTC miner held onto Bitcoin when its price was below 10 cents.  

The digital assets were mined in the era of Satoshi Nakamoto, Bitcoin’s creator, and are now valued at almost $88K each due to rising demand globally. 

A study by Chainalysis claims that about 1.75 million Bitcoin wallets have not been used in more than ten years. These wallets contain 1,798,681 Bitcoin, worth about $121 billion at today’s exchange rates. 

 Many of these wallets,   were bought when Bitcoin was worth millions of dollars, contain sizeable amounts of crypto assets. 

Many wallets from the Satoshi era have been activated to move their Bitcoin holdings to a new address in recent times. After nearly ten years, some of these wallets have also transferred their holdings to cryptocurrency exchanges, indicating a desire to make money.  

Three wallets from the Satoshi era transferred $230 million in Bitcoin in November 2023 after six years of inactivity.  

A wallet that had lain dormant for eleven years transferred $30 million in Bitcoin in July 2023,. Since their most recent transactions were on November 5, 2017, it is thought that all three wallets are associated with the same individual or entity