Satoshi Nakamoto’s Wallet Address Received 27 Bitcoins

Satoshi Nakamoto's wallet suddenly received 27 Bitcoins, equivalent to about 1.2 million USD, from a stranger. Is this intentional or just accidental?

Satoshi Nakamoto’s Wallet Address Received 27 Bitcoins_65d5d064114f7.webp

According to the Twitter account of J. Cornor Grogan, a director at the cryptocurrency exchange Coinbase, someone just made a large transaction transferring 27 Bitcoins (equivalent to about 1.2 million USD) to Satoshi Nakamoto’s Genesis wallet address, essentially locking this money permanently.

This transaction took place in the early morning of January 6, with a fee of up to 100 USD, significantly higher than the usual fee at that time. This is a complex chain of transactions, starting from Binance and ending at Satoshi Nakamoto’s Genesis Wallet.

Genesis Wallet was the first wallet created on the Bitcoin network, owned by its secretive founder Satoshi Nakamoto. Since Nakamoto has been gone since 2010, there is a high possibility that the coins in this wallet will forever remain untouched, as if removed from the circulation chain.

When the creator of Bitcoin stopped interacting with the community, the Genesis Wallet contained only 50 BTC, representing the reward from mining the first Bitcoin block. Over time, many people deposited more BTC into this wallet as a way of expressing gratitude to Satoshi, increasing its current Bitcoin count to 99.67 BTC, worth $4.3 million.

y20yqdG2mVXt3z9vEPpg94h9OeGSRumqIAAAA==

Information about Satoshi Nakamoto’s Genesis Wallet. Source: Blockchain.com (January 7, 2024)

In addition, there are also rumors that Satoshi Nakamoto is holding up to 1.1 million Bitcoin, equivalent to 47 billion USD at the time of this article. Since there is no return planned, this amount of Bitcoin will likely remain in the Bitcoin founder’s wallet.

It is still unclear who made the 27 BTC transfer and their specific reasons. A special point is that this transaction took place just a few days after the 15th anniversary of Bitcoin’s birth, from the Genesis Block on January 3, 2009.

Related: 15th Anniversary of Bitcoin White Paper: Satoshi Nakamoto’s Enduring Legacy

In addition, a number of companies in the industry are also conducting promotional activities to increase understanding of Bitcoin in the community. A typical example is the effort to put 1 Bitcoin on the Moon of the BitMEX exchange.

(100 votes)

5.0/5

(100 votes)

Latest

Us China Trade Truce Sparks Bitcoin Rally

News | Bitcoin | Editor Choice

US-China Trade Truce Sparks Bitcoin Rally

The easing of US-China trade tensions has injected new momentum into the cryptocurrency market, propelling Bitcoin’s rally ahead of a pivotal week filled with major economic and diplomatic events.

Satoshi Era Bitcoin Whale Awakens After 14 Years

News | Bitcoin | Editor Choice

Satoshi-Era Bitcoin Whale Awakens After 14 Years

A “Satoshi-era” Bitcoin whale has suddenly awakened after more than 14 years of silence, sparking a wave of speculation about the real motive behind its move of 150 BTC worth tens of millions of dollars.

Binance Spot Bitcoin Trading Volume Surges

News | Bitcoin | Editor Choice

Binance Spot Bitcoin Trading Volume Surges, Signaling Possible Market Recovery

Binance’s Spot Bitcoin trading volume has unexpectedly surged amid whale sell-offs and widespread liquidations, signaling renewed accumulation and a potential recovery in Bitcoin’s price in the near future.

Bitcoin’s Two Failed Rallies Signal Weakness

News | Bitcoin | Editor Choice

Bitcoin’s Two Failed Rallies Signal Weakness

The Bitcoin (BTC) market is entering a tense phase as bullish momentum fades after two consecutive failed recovery attempts. While the price still holds key support levels, on-chain data suggests the market may be shifting toward accumulation, with long-term holders (LTHs) quietly building their positions.

Bitcoin Heads Into November With Two Pivotal Catalysts

News | Bitcoin | Editor Choice

Bitcoin Heads Into November with Two Pivotal Catalysts

Bitcoin enters November amid unpredictable volatility, as the upcoming CPI report and FOMC meeting could become the decisive catalysts shaping its price trend in Q4.

Screenshot 2025 10 20 091338