Anonymous Bitcoin User Transfers $1.17M to Pioneering Genesis Wallet
Summary:
An anonymous user transferred 26.9 Bitcoin (BTC), worth $1.17 million, to the Genesis wallet, the first-ever wallet on the Bitcoin network. The transaction, involving a notably high fee of $100, originated from an emptied wallet and was traced back to a Binance-associated wallet. The Genesis wallet's balance swelled to 99.67 Bitcoin (BTC), an equivalent of $4.3 million, contributing to Bitcoin's 14th birthday celebrations. Coinbase director, Conor Grogan, proposed that the anonymous BTC transfer might be a marketing strategy for ETFs.
An anonymous Bitcoin enthusiast recently moved 26.9 Bitcoin (BTC), an equivalent of $1.17 million, into the inaugural Genesis wallet - the pioneer wallet on the Bitcoin network. The transaction took place on Jan. 5 at about 1:52 am ET, from a depleted wallet to the Genesis wallet, and was accompanied by a substantial transaction fee of $100, remarkably above the average. The initial funding of the wallet was a rather intricate operation, with funds being shifted from three different wallets to 12 others. A significant portion of the transferred funds were tracked to a Binance-associated wallet, as revealed by Arkham Intelligence, a blockchain analytics platform. The Genesis wallet, crafted by Bitcoin's legendary, pseudonymous creator, Satoshi Nakamoto, marked the inception of the Bitcoin blockchain. Conor Grogan, a director at Coinbase, suggested on the X platform that it's possibly Satoshi who resurfaced and purchased 27 Bitcoin (BTC) from Binance, depositing them into their wallet, otherwise, someone may have deliberately wasted a million dollars. He also hinted that this impersonal Bitcoin (BTC) transfer could be an odd sort of marketing ploy for ETFs. On a similar note: Bitcoin ETF approval could be a 'historic mistake,' warns the CEO of Better Markets. No known funds movement, inclusive of the genesis block, from Nakamoto-related wallets occurred since Nakamoto went MIA in December 2010. Theoretically, Nakamoto could hold on to these wallet's private keys and commandeer the funds, but this is generally deemed improbable. Initially, the Genesis wallet stored 50 Bitcoin mined just before Nakamoto disappeared. Bitcoin fans worldwide marked Bitcoin's 14th anniversary in diverse ways, with preferences like sending BTC to the address holding the genesis block mining rewards. Gift tokens amplified the wallet's balance to 72 Bitcoin (BTC) by late 2023. This latest transaction pushed up the wallet's running balance to 99.67 Bitcoin (BTC), equivalent to $4.3 million. In related magazine news, Bitcoin ETF is anticipated to 'break records,' claims Brett Harrison (formerly-FTX US), X Hall of Flame.
Published At
1/6/2024 4:29:04 PM
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