Satoshi Nakamoto-era cryptocurrency wallet moves over $ 4 million in bitcoin after 15 years of inactivity

Another «Satoshi-era wallet» has recently been reactivated after about 15 years of inactivity, according to Onchain Lens, an analytical platform. The owner moved 50 BTC — approximately $ 4.33 million at the time of the transaction — to five new wallets. The last time this bitcoin wallet was active was in the early years of the network’s existence, which makes it extremely rare.

Such «old» addresses, created in 2009−2010, are known as satoshi-era wallets. Experts assume that at the time of bitcoin’s launch, there were only a few hundred such wallets with significant balances. The coins that have now been moved were most likely mined by mining the block at a time when the reward was 50 BTC.

The reasons for the activation of such wallets can vary from consolidation or security checks to the sale of some assets. Analysts note that large holders who accumulated bitcoins in the early stages sometimes gradually sell off some of their coins due to a significant price increase, which can affect the current market dynamics.

This particular wallet was created on March 18, 2010, when the bitcoin network had been in existence for just over a year. Back then, cryptocurrency remained an experimental technology supported by a small group of enthusiasts and developers, including Satoshi Nakamoto himself.

At that time, the community consisted of only a few dozen or hundreds of participants worldwide, and the first known real transaction — the purchase of two pizzas for 10,000 BTC — took place only in May 2010. Mining was carried out mostly on ordinary computers, and no one could have predicted that a decade and a half later, the same coins would be worth millions of dollars.