A "Satoshi-era" address that has remained inactive since March 2011 and held 35.55 BTC (approximately $2.54 million) made a transfer this week. On-chain data shows that on June 2, the address sent 15 BTC to a new address, with the remaining 20.55 BTC retained as change. When the address originally received the bitcoins, their price was less than $1.
14-Year-Old Genesis Era Bitcoin Wallet Moves 15 BTC After $2.85 Billion Lawsuit
TechFlowShare
Summary
A Bitcoin wallet from the 'Satoshi era,' inactive since March 2011, transferred 15 BTC on June 2 amid rising interest in BTC as an inflation hedge. The wallet, which held 35.55 BTC (approximately $2.54 million), left 20.55 BTC as change. It originally received Bitcoin when prices were below $1. This movement occurs as speculation surrounding Bitcoin ETF approval continues to grow.
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