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A thousand Satoshi-era bitcoins just moved wallets for the first time in a decade

MK Manoylov
·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.


© 2020 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.