Largest-ever 'Satoshi Era' Transfers Conducted via 8 Bitcoin Wallets, Moving 80,000 BTC
In an unprecedented event in the bitcoin market, approximately $8 billion worth of bitcoins, mined during the "Satoshi era," were transferred from two dormant wallets on July 4, 2025. The identity of the owners of these wallets, which have been inactive since 2011, remains a mystery.
These wallets, which hold coins acquired when bitcoin was worth less than $210,000 in total, are now the subject of extensive on-chain analysis. However, no individual or entity has publicly claimed ownership of these coins.
Key points about these wallets and their transfer:
- The wallets originated in 2011, during the period when Bitcoin's pseudonymous creator, Satoshi Nakamoto, was still active online. - All eight wallets, which were moved simultaneously, appear to be controlled by a single entity, according to Arkham Intelligence, an on-chain analytics firm. - The transferred coins were moved to new wallets using modern, lower-fee SegWit address formats. This strategic move indicates a sophisticated security measure rather than a sale or liquidation. - The new wallets have not moved the funds further since the transfer, adding to the mystery about the intent and identity of the owner.
The movement of these bitcoins to new addresses is the largest on record for bitcoin transfers from dormant wallets. The transaction involving the movement of bitcoins from the two wallets is the largest record-breaking transaction in bitcoin history.
Each of the two wallets contained 10,000 BTC, and these were moved to 10,000 BTC new addresses each. The older address format previously used for the two wallets has been replaced, with the bitcoins now held in new wallets using a modern address format.
Speculations about hacking or sales have been raised, but they remain unconfirmed. The bitcoins are now stored in wallets using a modern address format, which is believed to offer improved security against future quantum computing threats.
Despite the mystery surrounding the owners of these wallets, the event has caused a stir in the bitcoin market. The total value of bitcoins in circulation has increased due to the movement from the two dormant wallets.
As the identity of the owners remains unknown, the bitcoin community eagerly awaits any developments that might reveal the story behind these significant coins.
The technical analysis of the bitcoins, originating from 2011 and initially stored in wallets using older address formats, is a focus due to their recent transfer to new wallets with modern SegWit address formats. This move, generating the largest record-breaking transaction in bitcoin history, has caused a buzz within the finance sector, particularly among investors, as the identity of the owners remains elusive.
