News - Wallet from the Satoshi era emptied

By Luc Vesters

Wallet from the Satoshi era emptied

After nearly 14 years of silence, an old wallet from the early days of Bitcoin reactivated. A total of 50 Bitcoin for the equivalent of US$3.6 million gathered dust. As it turns out from data from Whale Alert about 21 of them have now gone to Coinbase.

VanEck consultant Gabor Gurbacs suspects that Bitcoin comes from previous mining activities: "50 BTC blocks used to be relatively easy to mine."

Most people "just didn't bother to secure their wallets." Many "just went missing." He is all the happier "when people find the keys to their old wallets."

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