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Satoshi-Era Bitcoin Wallet Activated, Containing $26 Million in BTC

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Tue, 07/13/2021 - 08:08
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Yuri Molchan
A Bitcoin wallet has "woken up" after almost ten years of staying inactive
Satoshi-Era Bitcoin Wallet Activated, Containing $26 Million in BTC
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Popular crypto tracking Twitter bot Whale Alert has detected and activated a Bitcoin wallet that has been dormant for over nine years.

It contains 791 BTC, which is the equivalent of $26,147,621 in fiat at today's price of the flagship cryptocurrency.

The wallet was set up just after the legendary creator of Bitcoin, Satoshi Nakamoto, went off the radar. But the shadow of his presence was still in the air.

In the comment thread, some Twitter users joked that the owner of the wallet has simply remembered his password after 9.1 years of fruitless attempts to recover it.

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Bitcoin Setting Itself Up for "Supply Shock," Says Skybridge's Gayeski

Earlier this year, in February and March, large amounts of Bitcoin (5,000 BTC and slightly over 2,000 BTC), unmoved since the Satoshi era, were shifted by their owners.

In the past, when big amounts of Bitcoin were shifted by miners from their old wallets, this caused a fluctuation in the BTC exchange rate.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.