Satoshi

Satoshi Nakamoto

Millions

Bitcoin

when

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<p lang="en-GB" xml:lang="en-GB">Popular cryptocurrency tracker Whale Alert spreads the word about yet <a href="https://u.today/dormant-btc-wallets-making-historic-moves-will-this-impact-bitcoin-price">another whale, which has remained dormant</a> since the times of Satoshi Nakamoto, awakening and containing Bitcoin worth millions of U.S. dollars.</p>
<p lang="en-GB" xml:lang="en-GB">This dormant wallet was reactivated after Bitcoin’s massive plunge on Saturday and its partial recovery since then.</p>
<h2 id="satoshi-era-wallet-awakens">Satoshi-era wallet awakens</h2>
<p lang="en-GB" xml:lang="en-GB">The above-mentioned source revealed that a blockchain address that contains 50 BTC worth $3,314,211 at the time of the tweet's publication has been awakened after staying untouched for 14 years.</p>
<p lang="en-GB" xml:lang="en-GB">The last time it saw any Bitcoin movements was 2010 – the year when the mysterious BTC creator Satoshi Nakamoto chose to step away from Bitcoin and disappeared, leaving his brainchild in the hands of a few keen developers.</p>
<blockquote>
 <p lang="en" dir="ltr">💤 A dormant address containing 50 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> (3,314,211 USD) has just been activated after 14.0 years!<a href="https://t.co/r1pp2kEf40">https://t.co/r1pp2kEf40</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1779770845939834997?ref_src=twsrc%5Etfw">April 15, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">Over the past few months, quite a few dormant cryptocurrency wallets have been spotted awakening after being inactive for 10-14 years. They contained both early mined/bought Bitcoin coins, as well as Ethereum obtained during the ICO in 2014.</p>
<p lang="en-GB" xml:lang="en-GB">As a rule, many holders decide to start selling their old stashes after a decade of holding, aiming to capitalize on the BTC or ETH price surge. However, in many cases, users also only manage to recover their long lost private keys by now.</p>
<h2 id="bitcoin-s-market-performance">Bitcoin's market performance</h2>
<p lang="en-GB" xml:lang="en-GB">Over the weekend, on Saturday, Bitcoin suddenly displayed a massive plunge of more than 12%, dropping from the recently regained $70,900 to $61,970. Many believe it was down to a new development in the Middle East.</p>
<p lang="en-GB" xml:lang="en-GB">After that, however, Bitcoin has recovered by more than 7%, reaching $66,342 – the price level where it is changing hands at the time of this writing.</p>
<h2 id="microstrategy-outperforms-bitcoin">MicroStrategy outperforms Bitcoin</h2>
<p lang="en-GB" xml:lang="en-GB">Founder of MicroStrategy Bitcoin-focused behemoth Michael Saylor has recently taken to the X platform to share a graph that shows his company outperforming the pioneer cryptocurrency.</p>
<p lang="en-GB" xml:lang="en-GB">The graph shows that since August of 2020, when the company started regular Bitcoin purchases to add that BTC to its balance sheet, MSTR has increased in price by a whopping 1,097%. Bitcoin, in the meantime, has appreciated by 463%, with gold rising only by 16% and silver dropping 1%.</p>
<blockquote>
 <p lang="en" dir="ltr">Capitalize on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. <a href="https://t.co/KXKYzSWlQ1">pic.twitter.com/KXKYzSWlQ1</a></p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1779579506174329101?ref_src=twsrc%5Etfw">April 14, 2024</a>
</blockquote> 
<p lang="en-GB" xml:lang="en-GB">“Capitalize on Bitcoin,” Saylor tweeted. MicroStrategy has made its Bitcoin purchases in a couple of recent years by issuing Convertible Senior Notes and other similar types of securities to <a href="https://u.today/microstrategy-unveils-new-debt-offering-to-bolster-bitcoin-btc-position">raise funds from investors</a> to acquire additional amounts of Bitcoin.</p>

Satoshi-Era Whale Awakens with Millions in Bitcoin After 14 Years of Anabiosis

Table of Contents

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