Over 1,000 BTC that were mined during the early days of bitcoin have recently been transferred to trading desks and custodian services. These coins, which were last moved 13 years ago, were originally mined at a cost of $100 and now have a market value of over $40 million. This transfer is part of a trend where “Satoshi era” bitcoin, referring to the period when Bitcoin founder Satoshi Nakamoto was active in the community between 2009 and 2011, is being moved.
In addition to this recent transfer, there have been other instances of “Satoshi era” bitcoin being moved in the past few months. For example, in July, a wallet that had been dormant for 11 years sent $30 million worth of BTC to other wallets. This activity of long-dormant BTC becoming active is seen by some as a positive sign of growing optimism about bitcoin adoption.
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| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | very positive |
| Relevance Score | 1 |
| People | None |
| Companies | None |
| Currencies | Bitcoin |
| Securities | None |
