A miner transferred Bitcoins from the “Satoshi era” to OTC or custody services, and this event took its place among the rare examples of Bitcoins from the Satoshi era being transferred.
Speaking to Coindesk, CryptoQuant analysts said that one of the first Bitcoin miners sold 1,000 BTC and moved the receiving address to trading desks (OTC) or custody services on December 4.
Analysts noted that these BTCs were mined from block rewards 13 years ago between August and November 2010, with an estimated total cost of $100.
“Address 35BRV3y2tEJNCHbmVtAe3kXNckYgu8X7av, which received 999.99 Bitcoins in a single transaction, soon shared its assets across multiple addresses.
The transferred Bitcoins were consolidated at address 1CzBL1pEudgqeTtoyPLtrVQHo7nYAZxmKZ, which currently has a balance of 1,028 Bitcoins.
At this point, we estimate that this miner, one of the early miners, sold 1,000 Bitcoins as a result of these transfer transactions, and the receiving address then sent these BTCs to an OTC or custody service.
“The transactions carried out by the receiving address strengthen the possibility that Bitcoins may have been sent to OTC or custody service.”
Several wallets from the 'Satoshi era' have made transactions this year. The first of these took place in July, and this wallet, which had been dormant for 11 years, transferred $ 30 million worth of BTC to other wallets.
A second wallet from the 'Satoshi era' transferred 1,005 BTC to a new wallet in August.
Bitcoin continues to trade at $43,480 at the time of writing.
*This is not investment advice.