A single satoshi caused major disruption in the cryptocurrency market this week: the renowned “epic satoshi” of the fourth halving block, also known as Sat #1,968,750,000,000,000.
The “sat” is unique and rare because there will only be it in the entire Bitcoin blockchain. Furthermore, there will only be 32 “satoshi epics” available after all BTC halvings.
The Bitcoin fraction was auctioned by ViaBTC, the mining company that mined the halving block. At the auction, they sold the item for 33.3 Bitcoins. In other words, just over 2.13 million dollars.
This means that this satoshi, which corresponds to the smallest denomination of BTC, was sold for a surprising value, 338 billion percent more than the typical value of a satoshi.
Epic Satoshi goes up for auction
The auction held by CoinEx, a subsidiary of the ViaBTC Group, marked the sale of the “epic sat” of block 840,000, also known as the halving block. This rare satoshi is one of only four “epic satoshis” ever created, representing the first satoshi associated with the halving block reward.
In the last minute of the auction, bids jumped from 20 BTC to 33.3 BTC. Initially, the cryptocurrency exchange set the initial bid at 1 BTC. But the next day it increased to 2 BTC.
Since then, a series of bids have been made, and as of Thursday morning, the artifact has already been bid for over 10 BTC. In the last few hours, the bidding war increased and finally ended at 12 pm, reaching 33.3 BTC or approximately 2 million dollars.
This satoshi is the most expensive ever sold, as rare satoshis are traded on few non-fungible token (NFT) markets. With a value of 33.3 BTC for the “epic sat”, the BTC fraction achieved a premium of 338,801,904,661% more than the real value of a common satoshi, which is 0.00063 dollars.
