Mystery Transfer — Unidentified Wallet Sends $1.19 Million in Bitcoin to Satoshi Nakamoto’s Genesis Address

Share This Post

Mystery Transfer — Unidentified Wallet Sends $1.19 Million in Bitcoin to Satoshi Nakamoto's Genesis Address

Two days after Bitcoin’s 15th anniversary, an unidentified wallet transferred roughly 26.917 bitcoin, valued at $1.19 million, into Satoshi Nakamoto’s Genesis wallet. Originating on Jan. 3, 2009, this wallet has primarily accumulated nominal dust transactions. Including the hard-coded block reward, minor dust transactions, and the recent 26.917 bitcoin deposit, the total now stands at 99.676 bitcoin, equivalent to $4.35 million.

Satoshi’s Genesis Wallet Receives $1.19 Million Boost: A Cryptic Bitcoin Anniversary Gift

An anonymous sender dispatched $1.19 million in bitcoin (BTC) to the “1A1zP” wallet of Satoshi Nakamoto. Originating from the “bc1q9” address, this substantial sum of 26.917 BTC was confirmed at block height 824,513. The motivation behind sending these funds to the Genesis wallet remains a mystery, especially considering the funds have become non-spendable.

The genesis block occupies a distinctive position as the inaugural block of the Bitcoin blockchain. Its 50 BTC mining reward is frozen due to not being included in the unspent transaction outputs (UTXOs) set, a peculiarity stemming from the initial coding. This outcome wasn’t necessarily deliberate but rather an artifact of the original code structure.

In the Bitcoin network, spending entails crafting a transaction that cites specific UTXOs as inputs. Absent from the UTXO set, the genesis block’s reward remains unspendable. Despite this, the wallet has continued to receive BTC over the past 15 years, including dust transactions and onchain messages, though none have matched the magnitude of the 26.917 BTC sent on Jan. 5, 2023.

The individual’s intent may have been to influence or shift market sentiment amidst a bullish phase as the community anticipates the decision on a spot bitcoin exchange-traded fund (ETF). The BTC transfer is likely not related to Satoshi Nakamoto at all, and perhaps it served as a costly beacon for attention.

In a conversation with the founder of btcparser.com who discovered the transfer, he highlighted, “In the world of Bitcoin, incoming transactions are not proof, but outgoing transactions are.” He also noted that the “1A1zP” address is fundamentally incapable of initiating outbound transfers, anchored by the protocol’s foundational rules.

What do you think about the 26.917 bitcoin sent to the Genesis wallet on Jan. 5? Why do you think someone would do that? Share your thoughts and opinions about this subject in the comments section below.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Analyst Warns Of 10% Bitcoin Price Drop Ahead Of CPI Data

Recently, there have been significant fluctuations in the prices of Bitcoin; presently, they oscillate between $87,000-$87,500 This may not be eye candy to investors who are currently on the

Thailand Crypto Crackdown: Nine Illegal Bitcoin Mining Farms Shut Down

The post Thailand Crypto Crackdown: Nine Illegal Bitcoin Mining Farms Shut Down appeared first on Coinpedia Fintech News Thai authorities recently shut down nine unauthorized Bitcoin mining farms,

Ripple News: XRP Documentary To ‘Blow Open The SEC Lawsuit Against Ripple’; First Reviews Out

The post Ripple News: XRP Documentary To ‘Blow Open The SEC Lawsuit Against Ripple’; First Reviews Out appeared first on Coinpedia Fintech News The highly anticipated XRP documentary, “XRP

Cardano Foundation Launches Financial Insights Report 2023

The post Cardano Foundation Launches Financial Insights Report 2023 appeared first on Coinpedia Fintech News In the latest development, the Cardano Foundation has launched its first Financial

Bulgarian ‘Cryptoqueen’ Alive, Hiding in South Africa: Report

A German report claims fugitive Ruja Ignatova, the “Cryptoqueen,” is alive and living in a wealthy Cape Town neighborhood in South Africa Ignatova’s Family Shows No Signs of

US inflation rises coming in at expected 2.6%, Bitcoin breaks over $89,000 again

The US Bureau of Labor Statistics released October’s Consumer Price Index data today The annual inflation rate increased to 26% from the previous 24%, aligning with forecasts Month-over-month,