Rare ‘Epic Sat’ from Bitcoin’s Fourth Halving Block Sold for Over $2 Million

An “epic sat,” an extremely rare satoshi from the network’s fourth halving block, was recently sold for over $2 million.

On April 25, the crypto mining pool ViaBTC successfully auctioned off “Sat 1,968,750,000,000,000” for 33.3 BTC, approximately $2.13 million, on the cryptocurrency exchange CoinEx Global.CoinEx Global announced that its partner, the ViaBTC mining pool, successfully mined the 840,000th block.

The Bitcoin network currently has 100 million satoshis , with each worth around $0.00065. However, some sats are considered more special within the Bitcoin ecosystem. Only four ­of the ­first satoshis mine­d after a Bitcoin halving e­­vent are conside­re­d exceptionally rare and valuable­­. The Bitcoin Ordinals protocol, which assigns metadata to satoshis, has made ­the­se “epic sats” collectible­, resulting in them being highly sought afte­­r.The fourth Bitcoin halving event on April 20 reduced mining rewards from 6.25 BTC to 3.125 BTC. In addition topost-halving.

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