50 Bitcoins which were mined about a month after the launch of Bitcoin was moved for the first time since February of 2009. This very intriguing move of Bitcoin has led many to believe that it is Satoshi Nakamoto himself reemerging to transfer his holdings into two distinct Bitcoin wallets.
The transaction that shook the blockchain world was detected by Whale Alert, a Twitter-based blockchain tracker, which has also confirmed that a total of 50 BTC moved. Of these, 40 BTC of it was resting inactively on what can be seen as a change address. The remaining 10 BTC, on the other hand, has been moved to a particular multisig address, which can be confirmed by way of its starting numbers.
👤👤👤 40 #BTC (391,055 USD) transferred from possible #Satoshi owned wallet (dormant since 2009) to unknown wallet— Whale Alert (@whale_alert) May 20, 2020
ℹ️ The coins in this transaction were mined in the first month of Bitcoin's existence.
The series of transactions then became much harder to track from that point onward accurately. This is because the BTC was divided into several smaller pieces across an intricate chain of outputs.
Was it Satoshi himself?
Despite the evidence pointing towards Bitcoin’s developer, it is essential to note that there is still no conclusive proof that directly points out the inactive Nakamoto.
The crypto industry highly speculates that Satoshi’s fortune is split between many different wallets that each has its very own Coinbase transaction. Some believe that he currently sits on a whopping 1 million BTC.
Other theories on the possible holder of the suspected funds other than Nakamoto include the family of Hal Finney and Martti Malmi. Due to the very complex nature of the transaction, it is highly suspected that the signer wants to keep his profile and the final destination of the said funds in private.
Even if it is not Satoshi who moved the assets, it is still very cool to see such an old portion of BTC move. Add to that the fact that at the moment of its actual mining, the price for BTC was basically still zero. Well, whoever is moving these cryptos certainly has powerful cards they can play with.