A thousand Satoshi-era bitcoins just moved wallets for the first time in a decade
October 12, 2020, 4:56PM EDT
1 min read
One thousand bitcoins that were mined in 2010 were moved yesterday for the first time in a decade.
Kirill K., a cryptocurrency trader, originally flagged this discovery on Linkedin.
The timeline of the transfers is as follows: the Satoshi-era bitcoins were sent to this wallet at 6:14 AM UTC on Oct. 11, 2020. About 40 minutes later, those 1,000 coins were split among 81 different wallets. In a subsequent Linkedin post, Kirill suggested that the latest movement is related to a separate transfer in March that also involved 1,000 bitcoins.
“It's like he's organizing his vault,” wrote Hans Hauge, Head of Quantitative Strategy at Ikigai Asset Management, in a comment under Kirill’s Linkedin post.
While it is unclear who owns the bitcoin or why they moved the assets, these coins would have been worth under $100 in 2010. The bitcoin price at press time was nearly $11,600.