Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»An unidentified wallet sent $1.2 million in BTC to Satoshi Nakamoto.
BLOCKCHAIN NEWS

An unidentified wallet sent $1.2 million in BTC to Satoshi Nakamoto.

By Crypto FlexsJanuary 7, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
An unidentified wallet sent .2 million in BTC to Satoshi Nakamoto.
Share
Facebook Twitter LinkedIn Pinterest Email

An unidentified individual began trading on January 5, depositing 26.9 BTC, worth approximately $1.19 million, into the Genesis wallet. The Genesis wallet is the first wallet created on the Bitcoin (BTC) network by a pseudonymous entity known as Satoshi Nakamoto.

This transaction took place at 1:52 a.m. ET, two days after Bitcoin celebrated its 15th anniversary, and attracted attention because it was impossible to retrieve.

Arkham Intelligence, an on-chain analytics platform, reported that before depositing Bitcoin into the Genesis wallet, the owner of the mysterious wallet funded it through complex transactions involving various addresses.

Source: Arkham Intelligence

Arkham Intelligence also said it traced most of the funds to wallets believed to be owned by Binance.

Just before the transfer to the Satoshi Nakamoto wallet, the mysterious sender withdrew nearly 27 BTC from the Binance exchange, with only these two transactions recorded in the wallet’s activity log.

Given that cryptocurrency exchanges like Binance are required by law to undergo strict KYC procedures, some believe that the identity of individuals who transferred to Nakamoto Wallet could potentially become known to the Binance compliance team.

In response to the news, Coinbase director Conor Grogan humorously commented, “Either Satoshi woke up and bought 27 bitcoins on Binance and deposited them into his wallet, or someone just burned a million dollars.”

Known as the brainchild of pseudonymous Bitcoin inventor Satoshi Nakamoto, the Genesis Wallet has been accumulating mainly minor dust transactions since its launch on January 3, 2009.

Although it is theoretically possible that Nakamoto still holds the private keys to this wallet and can transfer funds, the common belief is that this is highly unlikely.

Evidence supporting this belief is that funds in Nakamoto-related wallets, including funds from the Genesis block, have not moved since the Bitcoin inventor’s disappearance in December 2010.

Initially, when Nakamoto disappeared, his Genesis wallet contained 50 BTC. However, over the years, funds have been flowing into the wallet, reaching 72 BTC by the end of 2023. This latest transaction brings the wallet balance to approximately 99.68 BTC, which at current exchange rates is equivalent to approximately $4.3 million.

Cryptocurrency enthusiasts have come up with several theories about this unexpected transaction.

Some believe this is a tribute to the creator of Bitcoin, considering it happened two days after Bitcoin’s 15th anniversary. Others speculate that this could have been a huge financial mistake or a costly public relations move.

At the same time, some perceive this as an attempt to create euphoria ahead of the U.S. Securities and Exchange Commission’s (SEC) approval of a spot Bitcoin ETF.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Investors surpass 640,000 BTC when looking at Bitcoin Holdings with $ 22 million purchases.

September 30, 2025

Hyperliquid launches USDH Stablecoin issued by Native Markets

September 25, 2025

The new gold protocol of the BNB chain is due to the $ 2 million launch day nucleus.

September 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025
Most Popular

Bitcoin prices face core obstacles. Can Bulls pass the power?

May 27, 2025

Could Ethereum’s ‘Multi-Year High’ Allow ETH to Rise Above $4,000 After Price Crash?

April 2, 2024

Crypto Whales Accumulate One Ethereum (ETH) Competitor to Binance and Kraken: Lookonchain

October 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.