3 Satoshi Era Bitcoin wallets transfer $230M in BTC after 6-year dormancy
Over the course of 2023, several Satoshi-era Bitcoin wallets have risen from dormancy to transfer their BTC to a new address. Three Satoshi Era Bitcoin (BTC) whale addresses that have been dormant since November 2017 transfer red 6,500 BTC, estimated to be worth $230 million, on Nov. 2. Satoshi Era BTC refers to the very early stage of Bitcoin network when it was still relatively unknown. According to data from Bitinfocharts, the first wallet moved 2,550 BTC, estimated to be worth $90 million. A second address moved around 2,000 BTC worth $71 million, and the third address transfer red around 1,950 BTC worth $69 million. All three wallets had another thing in common, i.e., the last transaction from all three wallets came on Nov. 5, 2017, nearly six years ago. Thus, these wallets slept through the Bitcoin bull run and the all-time high of over $69,000. Most of the Bitcoin in the three whale wallets dates back to July 2011 and is linked to F2Pool, a Bitcoin mining pool, suggesting...