A mysterious entity has moved an unprecedented $8.6 billion worth of Bitcoin over the past 24 hours, transferring 80,000 Bitcoins from a Satoshi-era wallet. The transaction, which involves eight wallets dating back to 2011, has sent shockwaves through the crypto community.
The move is estimated to have generated a hypothetical return of nearly 4 million percent on the initial investment of less than $210,000 made in 2011. This equates to approximately 40,000 times the original amount.
All of the transferred Bitcoins come from the highly revered Satoshi era, when the cryptocurrency was first introduced. The transaction surpasses the previous record for the largest single Bitcoin transfer and involves a single entity moving massive amounts of currency at once.
The reason behind the sudden movement remains unknown, with theories suggesting that it may be related to Roger Ver’s potential sale of his holdings as part of a plea deal with the U.S. government. However, the true identity of the owner remains unclear.
Regardless of who is revealed to be behind this significant transaction, it has shaken the world of crypto and finance. The new wallets containing over $8 billion of Bitcoin have had no further movements since, leaving the community eagerly waiting for updates on this developing story.
Source: https://www.tomshardware.com/tech-industry/cryptocurrency/satoshi-era-bitcoin-investor-moves-usd8-billion-worth-of-crypto-after-14-years-80-000-btc-originally-bought-for-less-than-usd200-000