Wallets from the Satoshi era that have not been active for years continue to become active. This morning, a wallet woke up for the first time in 14 years and sent 50 BTC to the Coinbase exchange.
According to the information provided by the on-chain tracking platform Lookonchain, the wallet gained 50 BTC on April 23, 2010 and has not moved these Bitcoins since then.
It seems that the owner of the wallet will receive his reward of 3.3 million dollars after 14 years of waiting. The motivation behind the transfer of crypto currencies to stock exchanges is generally to sell and convert into cash.
Some of the wallet owners who have not moved for many years either wait with great patience and faith for the price to reach the level they want, or they find their lost wallet passwords and make a profit. Recently, there is also a group of investors who moved their BTC from old style wallets to new wallets for the first time in years and did not sell…
Why 3 years later?
It is not known for what purpose the wallet owner made this possible sale. Because Bitcoin was at the same price levels 3 years ago, it will remain unclear why this former miner waited so long and made this transfer.
At the time the news was written, Bitcoin was trading at $66,400.
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Source: https://uzmancoin.com/bitcoin-madencilik-mining-kripto-hesap/