Key Points
- A dormant wallet from 2009 recently moved 250 Bitcoin (BTC).
- This movement offers a glimpse into the activities of an early Bitcoin holder.
A Bitcoin wallet that had been inactive since 2009 recently sprung to life. On September 20, it moved 250 BTC, giving a rare insight into the actions of a Bitcoin holder from the early days of the cryptocurrency.
The Satoshi Era
This period, often referred to as the “Satoshi era”, is named after Bitcoin’s mysterious creator, Satoshi Nakamoto. It spans from 2009 to 2011 when Nakamoto was still actively participating in online forums. During this time, Bitcoin was rarely mentioned in mainstream media, let alone on platforms like Bloomberg as Exchange Traded Funds. However, the cryptocurrency landscape has drastically changed since then.
Recent Wallet Activity
Fast-forward over 15 years to September 20, when the on-chain tracking tool Whale Alerts flagged the movement of 250 BTC, equivalent to nearly $16 million, from a wallet that had been dormant since 2009. This offers a unique view into the transactions of an original Bitcoin holder.
During the European morning, five separate transactions, each consisting of 50 BTC, were sent to new addresses. On-chain data reveals that these BTC were block rewards mined during the initial weeks of the cryptocurrency’s release.
While transfers from the Satoshi era are increasingly rare, they are not unheard of. For instance, in June of this year, a wallet that had been inactive for 14 years moved $3 million in BTC to Binance. In an even more puzzling move, in January 2024, someone even sent back over $1 million in BTC to the null address of Bitcoin’s founder.
