Wallet from ‘Satoshi era’ moves after 14 years

One account that earned 50 BTC during Bitcoin’s early mining days became active for the first time since April 23, 2010, and sent its BTC to the Coinbase exchange.

Wallet from ‘Satoshi era’ moves after 14 years

Wallets from the Satoshi era that have not moved for years continue to become active. This morning, a wallet woke up for the first time in 14 years and sent 50 BTC to the Coinbase exchange.

According to information provided by on-chain tracking platform Lookonchain, the wallet earned 50 BTC on April 23, 2010 and had not moved these Bitcoins since then.

After 14 years of waiting, the wallet owner is likely to receive a reward of $3.3 million. Underlying the transfer of cryptocurrencies to exchanges is usually the motivation to sell and cash out.

Some of the wallet owners, who have not moved for many years, either wait for the price to reach the level they want with great patience and faith, or find their lost wallet passwords and make profit realization. Recently, there is also a group of investors who moved their BTC from old-style wallets to new wallets for the first time in years and did not sell…

Why after 3 years?

It is not known for what purpose the wallet holder made this possible sale. Because Bitcoin was at the same price levels 3 years ago, and it will remain unclear why this former miner waited so long and made this transfer.

At the time of writing, Bitcoin is trading at $66,400.

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