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Satoshi-Era Bitcoin Wallet Moves 2,000 BTC Worth $178 Million After 14 Years

Nov 15, 2024, 04:05 PM

An ancient Bitcoin wallet containing 2,000 BTC, worth approximately $178 million, has moved funds for the first time since 2010, after over 14 years of inactivity. The wallet belonged to a miner who accumulated the Bitcoins when they were valued at around $0.06 each. On November 15, the miner transferred the BTC to a new wallet and subsequently moved them to 50 different addresses. Some of the Bitcoins were directed toward cryptocurrency exchanges such as Coinbase and Gemini. The sudden activity from this dormant address has drawn attention and speculation from the cryptocurrency community, with some wondering if it might be connected to Bitcoin's anonymous founder, Satoshi Nakamoto. The movement of such a significant amount of Bitcoin from a wallet inactive for over 14 years is noteworthy, highlighting the enduring value and potential liquidity of early-mined Bitcoins.