After more than a decade of silence, one of the so-called Satoshi-era wallets — created shortly after Bitcoin launched — has come back to life. The unknown holder, who mined their coins in 2009, transferred part of their fortune worth over $16 million.
According to data from Whale Alert, the wallet owner mined most of their bitcoins between April and June 2009 — just months after Satoshi Nakamoto, Bitcoin’s mysterious creator, launched the first Blockchain network. In total, they obtained 4,000 bitcoins, which were moved to a single wallet in 2011. The address had remained completely dormant ever since.
Data from Nansen shows that 150 bitcoins — worth roughly $16 million — left the wallet on Thursday. Analytics tool Mempool.space further suggests the owner, a so-called whale (a large crypto holder), may have once held up to 7,850 BTC. At today’s bitcoin price of around $110,604, their remaining 3,850 BTC are valued at over $442 million.
Back in 2010, when CoinMarketCap first started tracking bitcoin prices, this portfolio would have been worth only $194.
Blockchain analyst Emmett Gallic noted on X that the investor may have originally held as many as 8,000 bitcoins spread across several wallets. “This giant just activated a new wallet. He’s been selling bitcoins gradually for years, and after today’s 150 BTC move, he still holds around 3,850 bitcoins. A perfect slow-sell strategy,” Gallic wrote.
On-chain data supports his claim — the address has received a total of 7,850 BTC, with 3,850 bitcoins remaining after the latest transfer.
This isn’t the first such case this year. In July, another Satoshi-era wallet holding 80,201 bitcoins reactivated after 14 years of inactivity and was later linked to Galaxy Digital.
Renowned analyst Willy Woo says large holders with over 10,000 BTC have been gradually selling their positions since 2017 — especially during periods of heightened institutional interest.
While traders sometimes interpret the awakening of old wallets as a signal to sell, analysts told Cointelegraph in August that there’s no reason for panic. New buyers are entering the market, a sign of a maturing and healthy crypto ecosystem.
Movements of historical bitcoins always attract attention — not just for their astronomical sums, but also for their symbolism. Holders from Bitcoin’s earliest days are often considered OG Bitcoiners, and their actions can signal shifts in long-term investor sentiment.
The awakening of these “sleeping giants” may thus mark another sign that the crypto market is entering a new phase of maturity, where even the oldest bitcoins from the Satoshi era begin circulating once again.
Sources:
https://cointelegraph.com/news/satoshi-era-bitcoin-whale-moves-btc-after-14-years
https://x.com/whale_alert/status/1981435631705215155