Bitcoin's First Satoshi Sold for $2.1 Million. 🖤🪙
In a historic move last week, ViaBTC, the mining pool that mined Bitcoin's first block, made headlines by selling the very first satoshi for a staggering $2.1 million. This transaction comes hot on the heels of Bitcoin's fourth halving event, underlining the growing significance of the cryptocurrency in the global financial landscape.
The sale, conducted in collaboration with an exchange, saw the first satoshi, the smallest unit of Bitcoin, being auctioned off for 33.3 BTC. To put it in perspective, at the time of the sale, one satoshi was valued at approximately $0.0065.
What makes this sale truly remarkable is not just the eye-watering price tag but also the symbolic importance attached to the origin of Bitcoin. ViaBTC's discovery of the block containing the first satoshi during the 840,000th block halving is a testament to the early days of Bitcoin mining and the pioneering efforts that laid the foundation for the crypto revolution we see today.
Despite being a fraction of a Bitcoin, the first satoshi holds immense sentimental and historical value within the crypto community. The auction itself garnered significant attention, attracting 34 bids, with the winning bid of 33.3 BTC ultimately securing the prized asset. The identity of the buyer remains undisclosed, adding an air of mystery to the transaction.
Moreover, the concept of categorizing satoshis based on their rarity or significance, particularly through protocols like Ordinals, adds an intriguing dimension to the world of crypto collectibles. With designations such as Common, Uncommon, Rare, Epic, Legendary, and Mythical Satoshi, enthusiasts have found a new way to engage with the history and lore of Bitcoin.
ViaBTC selling the first satoshi is a significant moment for Bitcoin, highlighting its value beyond just currency. It's a reminder of Bitcoin's remarkable journey since its beginning as it evolves in the crypto landscape.
That's why we predicted a little slope down to bearish for the weekend 🤫
