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Satoshi era Bitcoin wallet wakes up after 14 years, sends 50 BTC to Binance

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Over the past year, several dormant Bitcoin wallets, many of which were from the Satoshi era, have awakened nearly after decades to either transfer their BTC to a new wallet or eventually take profit and sell it on exchanges.

The Bitcoin wallet belongs to a miner who earned 50 BTC as mining rewards in July 2010, a time when BTC was trading at $0.05.

The Satoshi era refers to the period between 2009 and 2011, during which Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was active on online forums.) wallet is linked to a BTC miner who earned 50 BTC as mining rewards in July 2010. These are some of the earliest mined Bitcoin when mining reward per block used to be 50 BTC compared to the current 3.125 BTC.

Bitcoin is trading just above $61,000 but struggling to hold onto it and has seen several dips below the support level over the past couple of days. BTC is currently 17% down from its all-time high above $73,750.Over the past year, several dormant Bitcoin wallets, many of which were from the Satoshi era, have awakened to either transfer their BTC to a new wallet or eventually take profit and sell it on exchanges.

 

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