Satoshi's Legacy Lives On: Ancient Bitcoin Wallet Stirs, Transferring a Fortune.



A Bitcoin wallet that was last active in April 2010, during the early days of Bitcoin, has recently moved 50 BTC to Coinbase. This transfer occurred on April 15, 2024, after the wallet had been dormant for nearly 14 years. The original mining of these coins took place when Bitcoin was still in its infancy, with each BTC valued at only a few dollars. The current value of the transferred 50 BTC is approximately $3.28 million.

This event has garnered significant attention in the cryptocurrency community due to the rarity of such movements and the historical significance of "Satoshi era" coins. The transfer was highlighted by various sources, including CoinDesk, FennecSpirit, amansaiofficial, and lookonchain, all of whom reported on the transaction.
This transfer also has a unique connection to the Dr. Craig Wright tulip trust, as the address of the wallet was mentioned in the trust's EXHIBIT 7, which was presented in a US federal court. The movement of these coins after such a long period of dormancy is a notable event, reflecting the enduring interest in and value of Bitcoin.