A Satoshi-era Bitcoin wallet, dormant since 2011, has awakened and transferred 150 BTC worth over $16 million in a single transaction on Thursday, according to reports from Whale Alert and on-chain data from Nansen.
The wallet mined 4,000 BTC between April and June 2009, shortly after Bitcoin's launch, and was last active in June 2011 when it consolidated its holdings. At current prices around $110,604, the total stash is valued at over $442 million.
Blockchain analyst Emmett Gallic noted that the whale once held 8,000 BTC across multiple wallets and has been steadily selling, now reduced to 3,850 BTC after this transfer. Data from memepool.space suggests the address received a total of 7,850 BTC historically.
Experts suggest the movement is likely for security updates, estate planning, or reorganization rather than imminent selling, citing historical precedents where similar awakenings did not lead to sustained market declines. Bitcoin has been consolidating around $110,000, with daily trading volumes exceeding $20 billion, minimizing the impact of this event.
BNB
ETH
SOL
USDC
FIL
XTZ
NEAR