After being inactive for more than a decade, another wallet that contained coins mined in the initial two months following the debut of Bitcoin has recently regained functionality
On September 24, Arkham, a blockchain intelligence firm, identified a Bitcoin whale wallet that had mined Bitcoin in February and March 2009.
This implies that the miner was operational during the initial stages of Bitcoin’s inception when the cryptocurrency industry was in its infancy, and BTC’s value was nearly $0.
The Satoshi-era mailbox became inactive after the initial transactions in the first few years.
Nevertheless, on-chain data indicates that the whale’s pocketbook has abruptly regained consciousness. The wallet’s most recent transaction involves transferring five bitcoins to the crypto exchange Kraken.
From $474,000 to more than $80 million
According to Arkham, this wallet, which has recently become active, continues to contain 1,215 BTC, valued at over $77 million.
However, the whale’s holdings were valued at approximately $474k when the coins were last transferred in 2014. The value of BTC has increased considerably over the past decade, reaching $80 million throughout this holding period.
Incidentally, this whale has been active for approximately three weeks, and 10 BTC has been transmitted to Kraken in three distinct transactions.
Like other wallets developed during those early years, this wallet mined coins while Satoshi Nakamoto, the creator of Bitcoin, was still mining coins and participating in the ecosystem.
This transfer has captivated the BTC community, as it is similar to other transactions that involve wallet addresses from that era.
Another wallet from the Satoshi era awoke last week, transferring nearly $16 million in Bitcoin. This wallet had been inactive for more than 15 years.
A dormant Bitcoin wallet from 2014 transferred BTC valued at more than $10.2 million in August 2024. In June, a Bitcoin wallet that had been inactive since 2010 transferred $3 million in BTC to the crypto exchange Binance.