Satoshi-era Bitcoin wakes after 16 years of dormancy as 600 BTC moves
Whale Alert identified 12 mining rewards totaling 600 BTC that moved after 16 years of dormancy, with the onchain tracking platform finding no connection to Satoshi Nakamoto.
Twelve Bitcoin mining rewards, totaling 600 BTC, have resurfaced after 16 years of inactivity, sparking renewed speculation about their connection to Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The dormant coins moved recently, reigniting interest in the mysterious figure behind Bitcoin. Twelve addresses holding a combined 600 BTC, worth approximately $48 million, transferred the coins on Saturday after remaining dormant for more than 16 years, according to data analyzed by Whale Alert, a blockchain transaction tracking platform.
A Whale Alert spokesperson stated that none of the 12 blocks can be connected to Satoshi Nakamoto based on their research, sparking further debate. The miners responsible for the 600 BTC rewards received their coins from mining blocks in March 2010, when each block contained 50 BTC, with the block subsidy later halved four times.
The 600 BTC movement aligns with a period when Nakamoto was still an active participant in Bitcoin development and communications.
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