Satoshi-era Bitcoin wakes after 16 years of dormancy as 600 BTC moves

Blockchain

Whale Alert identified 12 mining block rewards totaling 600 BTC that moved after 16 years of dormancy, finding no connection to Satoshi Nakamoto.

Bitcoin mined in 2010 moved from long-dormant addresses after more than 16 years, reigniting speculation over a possible link to Satoshi Nakamoto.

Twelve addresses holding a combined 600 Bitcoin (BTC), worth about $48 million, moved the coins on Saturday after more than 16 years of dormancy, according to onchain data reviewed by Cointelegraph.

Whale Alert, a blockchain transaction tracking platform, said the 600 BTC came from rewards mined across 12 Bitcoin blocks and that its research found no connection to Nakamoto.

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