An unknown Bitcoin whale from the early days of Bitcoin, transferred a bigger amount of Bitcoin to the Kraken exchange.
The stack was mined just one month after the cryptocurrency’s launch in February or March 2009.
Lost wallet? Or just dormant?
Arkham Intelligence highlighted in an October 4 post that this Bitcoin was mined during the first two months of the Bitcoin network’s existence.
The whale’s wallet had been inactive for nearly a decade before this recent activity. Prior to this transfer, the wallet had moved Bitcoin several times between 2011 and 2014 but then remained dormant for almost ten years.
During that time, the value of the Bitcoin held in that wallet increased dramatically from $474,000 to over $80 million.
Whales are moving, and Satoshi will be revealed?
This movement comes at a time when there is renewed interest in discovering the true identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
HBO is set to air a documentary titled “Money Electric: The Bitcoin Mystery” on October 8, claiming it will reveal Nakamoto’s identity.
Many believe that Len Sassaman, a deceased American computer scientist and well-known cypherpunk, is likely to be named as Nakamoto in the documentary.
Remember the name
Sassaman took his own life on July 3, 2011, shortly after Nakamoto stated they had “moved on to other things.”
A memorial for Sassaman was encoded into Block 138,725 of the Bitcoin blockchain, but it remains unclear what connection he had to Bitcoin next to his early contribution.
In 2021, Sassaman’s wife, Meredith Patterson, stated that “to the best of my knowledge, Len was not Satoshi.”
Right now, in the time of writing Bitcoin is trading at $61,815, reflecting a 1.5% increase over the last 24 hours.
Despite this rise, it is still down 16% from its all-time high of $73,738 reached on March 14.
Have you read it yet? Who is Satoshi Nakamoto?
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