A long-dormant Bitcoin whale, who mined BTC during the network’s first two months in 2009, has moved a significant amount of Bitcoin to Kraken, a leading cryptocurrency exchange, according to blockchain data firm Arkham Intelligence.
Arkham revealed on Oct. 4 that this mysterious whale mined Bitcoin just one month after the cryptocurrency’s launch in February and March 2009. The latest transfer, which occurred on Oct. 3, saw the whale send 10 Bitcoin (approximately $610,000) to Kraken. This brings the total BTC moved by this wallet to $3.58 million since Sept. 24.
The whale’s wallet had remained inactive for almost a decade after early movements between 2011 and 2014. During this period of dormancy, the value of Bitcoin held in the wallet skyrocketed from $474,000 to more than $80 million. Currently, the address holds 1,169 BTC, valued at $72.4 million at today’s prices.
This sudden activity from such an early Bitcoin miner has reignited speculation about the identity of Bitcoin’s creator, Satoshi Nakamoto. Adding to the intrigue, HBO is preparing to release a documentary titled “Money Electric: The Bitcoin Mystery“ on Oct. 8, which claims to potentially reveal the true identity of Nakamoto.
The movement of such a large amount of early Bitcoin continues to attract attention in the crypto world, as the mystery of who mined the first Bitcoins — and whether it might have been Nakamoto — remains unsolved.
Summary Review: The recent movements of Bitcoin by an early miner from 2009 have reignited curiosity about the identities behind the early days of the cryptocurrency. With over $3.58 million worth of Bitcoin moved to Kraken and the wallet holding nearly $72.4 million in BTC, this whale’s reappearance after a decade of dormancy raises new questions. As speculation continues about whether this whale could be linked to Bitcoin’s creator, Satoshi Nakamoto, the upcoming HBO documentary “Money Electric: The Bitcoin Mystery” promises to deepen the intrigue surrounding Bitcoin’s origins.
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