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Satoshi Lives? A Huge Wallet Was Activated, Containing $26 Million in BTC

CryptocurrencyJul 13, 2021 09:01AM ET
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Satoshi Lives? A Huge Wallet Was Activated, Containing $26 Million in BTC

A mystery of the past has caught up with the crypto industry. An all but forgotten Bitcoin wallet was activated after almost 10 years of inactivity. On top of that, it contains an astonishing amount of money – almost $26 million worth of bitcoins.

As tweeted by the popular blockchain tracker Whale Alert, the sleeping Bitcoin address was activated after 9.1 years of silence.

The inactive cryptocurrency wallet held 791 bitcoins, which converts to over $26.3 million at BTC’s current value of over $33,200. According to Whale Alert, 640 of these bitcoins, worth over $21M, were withdrawn from the account on July 12th.

The mysterious wallet was created back in June of 2012, almost 14 months after the biggest enigma of cryptocurrency space, Satoshi Nakamoto, vanished from the internet.

The legendary Bitcoin creator shared his final emails on April 26th, 2011 before he went completely offline.

Not the First Blast from the Past

The recent awakening of the Satoshi-era Bitcoin wallet is not the only one to have occurred this year. Back in March, Whale Alert reported the “resurrection” of another Satoshi-era BTC wallet. 5000 bitcoins were transferred from the wallet, which had previously been inactive for more than 7 years.

A similar move to this recent one was noted at the end of February 2021, when 2189 bitcoins, worth over $105M at the time, were transferred from the sleeping wallet.

On The Flipside

  • Sufficient evidence to be able to link these peculiar stories to Satoshi is still lacking. However, if it is him withdrawing dormant Bitcoins from the past, it might be the most romantic material version of the sleeping beauty.

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Satoshi Lives? A Huge Wallet Was Activated, Containing $26 Million in BTC
 

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Comments (3)
fdsafjaskh fjdskla
fdsafjaskh fjdskla Jul 15, 2021 4:47AM ET
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What lazy reporting. These coins are from 2012, Satoshi wasn't even on the scene anymore. Every few months old bitcoins move. By old I mean 2009-2011 during which time Satoshi WAS active. You guys are such a joke, just writing like monkeys regurgitating whatever the media machine feeds you. I hope you have insomnia.
Jeffrey Nowakowski
Jeffrey Nowakowski Jul 14, 2021 11:50AM ET
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The leaders of ponzi scheme are cashing in and heading for the exit.
Fairway Litchfield
Fairway Litchfield Jul 13, 2021 11:11PM ET
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Could it be that these holders of these wallets just now found their passwords ?Just asking if thats a possibilty
Limuel Sanchez
Limuel Sanchez Jul 13, 2021 11:11PM ET
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or someone cracked the privated key..
Tyler Hixon
Tyler Hixon Jul 13, 2021 11:11PM ET
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Limuel Sanchez  impossible, unless u have a quantum computer.
 
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