The first wallet ever established on the Bitcoin network, the one that Satoshi Nakamoto used, has received 26.9 BTC, or $1.17 million, from an anonymous Bitcoin (BTC) user.
Because of its peculiarity, the January 5th transaction, which occurred at 1:52 am Eastern Time, garnered notice.
This transaction stands out because it transferred money from a depleted wallet to the genesis wallet.
It came with a $100 transaction charge, which is much more than the norm.
The original financing for the wallet came from three different places, but the bulk of it came from a Binance wallet on the Arkham Intelligence blockchain analytics platform.
On X (previously Twitter), Coinbase director Conor Grogan made some wild assumptions about what the transaction may mean. He said that it might be someone purposefully burning over $1 million, or that Nakamoto could finally wake up and deposit Bitcoin from Binance.
The anonymous deposit might have been part of a strange marketing campaign for a spot Bitcoin exchange-traded fund, according to Grogan.
No money have been transferred from any wallet linked to Nakamoto, including the genesis wallet, since he vanished in December 2010.
Nonetheless, Nakamoto may still be in possession of the secret keys to these wallets and the associated cash.
When Nakamoto was still alive, 50 Bitcoin were mined and stored in the genesis wallet.
In honor of Bitcoin's fourteenth birthday, people all across the globe sent bitcoin to the address that had been used to mine the genesis block.
The wallet's balance reached 72 Bitcoin at the end of 2023, thanks to these contributions.
Presumably, Nakamoto is a Group
Recent studies have shown that Nakamoto could be a group of people rather than one individual.
The fact that the Bitcoin white paper uses both "we" and "I" suggests that the developers may have been working under a single pseudonym.
Analysis of Nakamoto's publications from a linguistic perspective provides more proof.
The use of exact terminology and appropriate technical vocabulary is evident throughout the white paper, showcasing immaculate English.
The fact that Nakamoto's writing style seems to vary throughout forums and email correspondences, nevertheless, indicates that more than one person was engaged.
Multiple people may have been involved, according to the timestamps on Nakamoto's mails.
Some have speculated that the Bitcoin creator lived in the United Kingdom, while others have discovered that he was based in California. This has led to speculation about Nakamoto's whereabouts.
Reviewer "The Time Zones of Satoshi Nakamoto" determined that Satoshi probably lived in the Eastern Standard Time zone based on an analysis of his hourly activities.
It would make sense for many time zones to be engaged if Nakamoto is indeed a group.
Another clue that Nakamoto could be a collective is the depth and breadth of his expertise.
The creator's expertise in computer science, mathematics, impeccable grammar and spelling, game theory, and his ability to remain anonymous for more than ten years are all on display.
