Historic Movement of Bitcoin by Anonymous Miner from the Satoshi Era
In a groundbreaking event, an anonymous Bitcoin miner from the early Satoshi era has transferred a portion of their 50 BTC, currently valued at approximately $3.4 million, originating from block 66,138.
Transaction Breakdown
The miner moved 2.99 BTC to the wallet identified as bc1qlmprk8. The remaining Bitcoin is now held in a change wallet at bc1qmefm8e.
Potential Market Activity
According to a data analysis from Arkham Intelligence, the new wallet has transferred a total of $1.5 million to the cryptocurrency exchange OKX, along with transactions to several other platforms, including Coinbase, Kraken, BloFin, and Crypto.com. This activity suggests that the miner may be preparing to liquidate some of their mining rewards which were valued at just $1.5 during the time of mining, offering a staggering potential profit of 226,666,567%.
Current Status of the Mined Bitcoin
As of this reporting, the Bitcoin mined in 2010 remains untouched in its new wallet. However, exploration of the miner’s associated wallets indicates an active presence in the cryptocurrency space. This signals that while the miner has retained a significant 50 BTC from Bitcoin’s early days, they also continue to engage robustly within the crypto ecosystem.
Identifying the Miner: Satoshi or Not?
Analysis from CryptoSlate reveals that the wallet involved does not share characteristics commonly associated with the Patoshi pattern, making it unlikely that this miner is Satoshi Nakamoto. Block 66,138 was processed in July 2010, a period when numerous other miners were also active on the network, apart from Satoshi. Moreover, despite certain nuances included in the Coinbase transaction, the nonce values did not conform to the established characteristics of Patoshi.
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