2024

Bitcoin

April

Epic

<div class="finbold">
 <p class="paragraph">An “epic sat,” mined from the fourth Bitcoin (BTC) halving block, fetched an impressive $2.1 million at a recent auction on <em>CoinEx Global</em>. This rare satoshi, with its distinctive sequence number, sold for 33.3 BTC, emphasizing its considerable value to collectors worldwide.</p>
 <p class="paragraph">Hosted by <em>CoinEx</em>, this auction marked the first-ever public sale of an epic satoshi, attracting intense global interest and competitive bidding. A satoshi is the smallest unit of Bitcoin, representing one hundred <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>th of a single coin.</p>
 <p class="paragraph">The epic satoshi, or “epic sat,” represents the first sat of a block mined after a Bitcoin reward <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>. This particular asset, mined by the Bitcoin pool ViaBTC from the 840,000th block on April 20, 2024, carries a unique serial number, 1,968,750,000,000,000, making it a significant piece of crypto history as the first sat of the fourth Bitcoin <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> epoch.</p>
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    <p lang="en" dir="ltr">BREAKING: The Epic Sat mined by @ViaBTC just sold for 33.3 BTC ($2,134,843)! pic.twitter.com/D3xRP57guO</p>— Ord.io (@ord_io) April 25, 2024
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 <p class="paragraph">Given that there have been four <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a>s, only four of these rare satoshis exist. As unique digital assets, epic satoshis are highly valued for their scarcity and significance, garnering widespread admiration and favor from users- <em>CoinEx</em> highlighted in their blog post.</p>
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    <p lang="en" dir="ltr">Earlier today, we made history together with the community. Cheers and thank you all! #Bitcoin https://t.co/xcvhR5zVqg</p>— CoinEx Global (@coinexcom) April 26, 2024
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 <p class="paragraph">The auction began on April 23, 2024, at 16:00 UTC and concluded after two days of bidding. Starting with a minimum bid of 1 BTC, it eventually garnered 35 bids, reflecting the scarcity and high value placed on unique digital assets. The final selling price was nearly 20 times higher than that of a “rare sat” sold at Sotheby’s, demonstrating the extraordinary market demand for such rare items.</p>
 <h2 class="wp-block-heading" id="h-btc-price-analysis">BTC price analysis</h2>
 <figure class="wp-block-image size-full is-resized"><img decoding="async" width="720" height="524" src="https://cdn.thebittimes.com/images/2024/04/26/2da9c294944092ab8e7fdc9916fc71c3.webp" alt class="wp-image-171950" style="width: 100%;height:auto" srcset="https://cdn.thebittimes.com/images/2024/04/26/2da9c294944092ab8e7fdc9916fc71c3.webp 720w, https://cdn.thebittimes.com/images/2024/04/26/2da9c294944092ab8e7fdc9916fc71c3.webp 300w" sizes="(max-width: 720px) 100vw, 720px">
  <figcaption class="wp-element-caption"><em>Bitcoin seven-day price chart. Source: Finbold</em>
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 <p class="paragraph">At press time, Bitcoin is trading at $64,000.The winning bid for the epic sat auction reached a substantial 33.3 BTC, equivalent to roughly $2.1 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>, based on the current Bitcoin value of $64,000.&nbsp;</p>
 <p class="paragraph">Given one Bitcoin can be subdivided into 100 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> Satoshis (sats), the intrinsic Bitcoin value of this particular epic sat is approximately $0.00064. This significant disparity between the winning bid and the epic sat’s intrinsic Bitcoin value highlights its status as a unique collectible.</p>
 <p class="paragraph">This sale not only highlights the rarity and value of epic sats as digital assets but also sets a new precedent in the realm of cryptocurrency collectibles, hinting at a future where historical blockchain artifacts could fetch even higher values.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/epic-sat-bitcoin-halving-s-rare-btc-unit-sells-for-2-1-million-tbt86675.html">https://thebittimes.com/epic-sat-bitcoin-halving-s-rare-btc-unit-sells-for-2-1-million-tbt86675.html</a></p>

‘Epic Sat’: Bitcoin halving’s rare BTC unit sells for $2.1 million

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