Bitcoin whale from the Satoshi-era suddenly resurfaces

After 14 years of inactivity, several old Bitcoin addresses have unexpectedly come back to life. These addresses date back to the very first days of Bitcoin, when its mysterious founder Satoshi Nakamoto was still active on online forums.

A total of six of these old BTC addresses contained 250 Bitcoin attributed to an early investor. This person already owned his coins when the Bitcoin exchange rate was still at just US$1.

In 2011, Bitcoin first broke through the $1 mark, then rose almost to $30, but then corrected sharply. By the end of that year, the price stood at about $4. Today, the 250 BTC of this unknown Bitcoin wall are worth more than $22 million. That represents an incredible return of over 9 million percent.

When Bitcoin is moved out of old wallets, it often causes a stir within the crypto community. Some of these wallets are even associated with Satoshi Nakamoto himself, who, according to new on-chain analysis, may have 1.1 million BTC in his possession.

Exactly where the Bitcoin wall has moved its 250 BTC cannot be fully traced. However, one of the receiving addresses linked to British financial services provider Revolut, indicating that a partial sale may have taken place.

In recent years, several wallets from the Satoshi period have been reactivated. Usually, however, the BTC stocks were only transferred to new addresses, with no further sales.