- Whale Alert detected a transfer from a Bitcoin wallet possible owned by Satoshi.
- The Bitcoin in the wallet was mined in the first month of the crypto’s existence.
Whale Alert has detected a Bitcoin transfer from a wallet possible owned by the pseudonymous Bitcoin founder, Satoshi Nakamoto.
The Bitcoin address has been dormant since February 2009, when it received an initial deposit of 50 Bitcoin, the Bitcoin block reward at the time.
Since the inception of Bitcoin in 2009, the cryptocurrency has undergone three halving events, with the most recent occurring just a few weeks ago. The current block reward is now only 6.25 Bitcoin.
While it is not confirmed whether it is Satoshi’s wallet, Satoshi predominately mined Bitcoin during its early existence. Thus, the wallet has a high chance of being associated with Satoshi or a close friend that mined Bitcoin alongside with him.
According to a research report by BitMEX Research, Satoshi owns over 700,000 Bitcoin. Satoshi is known to be one of the dominant miners on the Bitcoin blockchain during the coin’s early existence. With a block reward of 50 Bitcoin, Sathoshi’s wallets quickly racked up Bitcoin. With 50 Bitcoin worth almost $500,000 today, mining Bitcoin in its early years was quite profitable.
The results concluded that the dominant miner on the Bitcoin chain received over 740,750 Bitcoin from block rewards.
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