New Satoshi-era transfer of Bitcoins

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Last Updated on 30 October 2025 by CryptoTips.eu

A new phenomenon that took off over the course of the summer is starting to worry many crypto traders. Bitcoins from the so-called Satoshi era are being moved and sold with ever increasing frequency. Do long-term investors expect a crash any time soon?

Legend has it that the first 1.1 million Bitcoins, which were mined for pennies per Bitcoin, belong to the anonymous inventor of Bitcoin, the internet legend known as Satoshi Nakamoto. If he ever decided to sell them, he would become one of the richest people in the world (and cause the market to crash of course).

Bitcoins that have been held in wallets for more than 10 years are therefore referred to as “Satoshi-era” coins. This means that Bitcoin holders had the patience to wait until the price reached at least $100,000 per coin before selling.

2009

However, since this summer, we’ve seen more and more of those Satoshi-era wallets resurface. The largest was a movement in early August to sell some 80,000 Bitcoins, which generated billions of dollars in profit.

Since there’s still a significant amount of institutional money willing to buy Bitcoin above $100,000, the market isn’t currently collapsing due to all these sales by long-term holders, but it is a notable new hype.

This week, for example, another Bitcoin wallet, created in 2009, just months after the network launched, was reactivated after more than 14 years of inactivity. This investor had purchased 4,000 Bitcoins at the time. On October 22nd, 150 Bitcoins were transferred to a new address, which at the time of the transaction was equivalent to more than $16 million. This would mean that approximately 3,850 BTC remain in the original wallet, which has remained untouched since then.

No need to panic, but it is certainly very interesting to observe.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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