SATOSHI'S UNTOUCHED STASH JUST GAINED $15 BILLION
Bitcoin ran from $62,679 on Aug 17 to $81,265 Tuesday. Satoshi's wallets do nothing but sit there, which is exactly why the number moves so violently.
🚨 $15 billion added to a wallet cluster nobody has touched in over a decade.
U.Today reports that Satoshi Nakamoto's estimated Bitcoin holdings jumped by as much as $15 billion as BTC ripped higher.
Bitcoin is up nearly 22% in seven days. It went from a low of $62,679 on August 17 to a high of $81,265 on Tuesday.
Arkham Intelligence maps roughly 1.096 million BTC across about 22,000 addresses tied to Bitcoin's pseudonymous creator. The exact figure is still uncertain.
At a price of $78,280, Arkham puts the value at $85.82 billion. That is up from $71 billion before the rally started, and slightly below yesterday's peak of $87 billion when BTC cleared $81,000.
Those coins have never moved. That is the whole point. The fortune only exists on a screen.
📈 Other ancient wallets are not staying quiet.
Galaxy Research flagged a 40 BTC holding that arrived on May 28, 2012 and sat untouched for roughly 14.2 years before moving. Galaxy identified the recipient as German crypto custody provider Boerse Stuttgart Digital, with no sender attribution available.
At about $5 a coin, those 40 BTC would have cost around $200. At the time of the transfer they were worth about $3.14 million.
Galaxy estimated the realized profit at roughly $3.16 million. That is a gain of 1,535,911%.
If you had held 40 coins since 2012, would you have sold here or kept waiting?
#bitcoin #crypto #satoshi #markets #causeanuproar
First reported by
U.Today
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