Satoshi

Satoshi Nakamoto

Bitcoin

Arkham

An “ancient” Bitcoin whale that mined BTC in the Bitcoin network’s first two months of existence has moved more BTC to cryptocurrency exchange Kraken, a blockchain data firm says.
“This Bitcoin was mined ONE MONTH after Bitcoin’s launch in Feb/March 2009,” Arkham Intelligence <a data-ct-non-breakable="null" href="https://x.com/ArkhamIntel/status/1842279122158178610" rel="noopener noreferrer nofollow" target="null" text="null" title="null">pointed</a> out in an Oct. 4 X post.
The mysterious Bitcoin whale transferred 10 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BTC</a>) — worth $610,000 — in the latest Oct. 3 transfer.
They have now moved $3.58 million to Kraken since Sept. 24. Before that, the wallet address had been dormant for a decade, Arkham <a data-ct-non-breakable="null" href="https://x.com/ArkhamIntel/status/1838543212362768518" rel="noopener noreferrer nofollow" target="null" text="null" title="null">noted</a> in an earlier X post:
<blockquote>
 “After moving several times from 2011-2014, his Bitcoin was then held dormant for almost 10 YEARS straight - during which it increased in value from $474K to over $80M.”
</blockquote>
The “3JZsd…QerUW” wallet address currently holds 1,169 Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow" target="null" text="null" title="null">BTC</a>) — worth $72.4 million at today’s prices — Arkham <a data-ct-non-breakable="null" href="https://platform.arkhamintelligence.com/explorer/address/3JZsdPQMnZUcbgy2BibNQi3kG5o9pQerUW" rel="noopener noreferrer nofollow" target="null" text="null" title="null">data</a> shows.
<figure><img alt="'Ancient' Bitcoin whale moves more BTC mined from 2009: Arkham" src="https://s3.cointelegraph.com/uploads/2024-10/01925af1-16d7-729b-9399-f7124ff39519" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/ArkhamIntel/status/1842279122158178610" rel="noopener noreferrer nofollow" target="null" text="null" title="https://x.com/ArkhamIntel/status/1842279122158178610">Arkham Intelligence</a>
 </figcaption>
</figure>
It comes amid renewed speculation over the true identity of Bitcoin’s pseudonymous creator, Satoshi Nakamoto.
<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/hbo-documentary-expose-satoshi-nakamoto" rel="noopener noreferrer nofollow" target="null" text="null" title="null">HBO is set to release</a> the “Money Electric: The Bitcoin Mystery” documentary on Oct. 8 which the producers claim will reveal who Nakamoto is.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/inside-swiss-nuclear-bunker-s-secret-bitcoin-vault" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Exclusive: Inside a Swiss nuclear bunker’s secret Bitcoin vault</a>
Deceased American computer scientist <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/len-sassaman-satoshi-nakamoto-bitcoin" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Len Sassaman</a> is the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/polymarket-odds-hbo-will-out-satoshi-nakamoto-len-sassaman" rel="noopener noreferrer nofollow" target="null" text="null" title="null">odds-on favorite</a> to be named Nakamoto in the HBO documentary.
Sassaman was a renowned cypherpunk who committed suicide on July. 3, 2011 — a little over two months after <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/satoshi-nakamoto-final-email-revisited-after-13-years" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Nakamoto disclosed</a> they had “moved on to other things.”
A memorial of Sassaman was encoded into Block 138,725 of the Bitcoin blockchain.
It’s unclear exactly what connection Sassaman had with Bitcoin.
However, Cointelegraph found several 13-year-old X posts of Sassaman criticizing Bitcoin for its lack of “privacy” features and “fraud reversal protection.”
<figure><img alt="'Ancient' Bitcoin whale moves more BTC mined from 2009: Arkham" src="https://s3.cointelegraph.com/uploads/2024-10/01925af0-784b-796d-b818-a8e2a0291abb" title="">
 <figcaption style="text-align: center;">
 Bitcoin-related X posts shared from Sassaman’s X account in 2011. Source: <a data-ct-non-breakable="null" href="https://x.com/lensassaman" rel="noopener noreferrer nofollow" target="null" text="null" title="https://x.com/lensassaman">Len Sassaman</a>
 </figcaption>
</figure>
Back in 2021, Sassaman’s late wife Meredith Patterson said to the “best of my knowledge, Len was not Satoshi.”
Bitcoin is currently trading at $61,815 — up 1.5% over the last 24 hours but still 16% off its March. 14 all-time high of $73,738, CoinGecko <a data-ct-non-breakable="null" href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow" target="null" text="null" title="null">data</a> shows.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-etf-coinbase-honeypot-hackers-government-trezor-ceo/" rel="noopener noreferrer nofollow" target="null" text="null" title="null">Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments: Trezor CEO</a>

'Ancient' Bitcoin whale moves more BTC mined from 2009: Arkham

Cointelegraph

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