Damus
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Bitcoin Magazine
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JUST IN: A satoshi-era whale just moved $84 million worth of #Bitcoin ๐Ÿ‘€

Bitcoin's price was rattled today as a dormant wallet suddenly reactivated after 13 years of silence. The move triggered a collapse below $91,000 shortly after the transfer was detected.

On-chain data reveals this whale accumulated their stack between late 2012 and early 2013, meaning they purchased these coins when Bitcoin was trading for as little as $13.
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SuiGenerisJohn · 4w
Legend. I dont think I would have had the strength to wait that long at the ages I was over this time.
forwardsteps ๐Ÿชข · 4w
Nice! Good on them. :)
Jim Craddock · 4w
My theory is that these old wallets were gathered up by PE. I recall reading an article in 2019 or so that it was well known that investors were flying around the world to meet with whales and acquire their corn at above market prices. Perhaps they made a deal that preserved the original wallet (an...
Sats and Sunsets · 4w
This is the dumbest thing I've heard in a while
Hasn · 4w
Interesting. Well they did their part and deserve a reward. Saving forever is unsustainable.
TheBitcoinButcher · 4w
I admire early adopters ๐Ÿ”ฅ