Key Points
- Satoshi Nakamoto, Bitcoin’s creator, may have been strategically liquidating funds from early Bitcoin wallets since 2019.
- Approximately 24,000 Bitcoins have been reactivated through periodic transfers, the most recent transaction involving 40 wallets and 2,000 BTC.
A new theory has emerged suggesting that the mysterious creator of Bitcoin (BTC), Satoshi Nakamoto, may not have disappeared after all.
Instead, the theory proposes that Nakamoto has been covertly liquidating funds from early BTC wallets, making strategic transfers since 2019.
Unraveling the Mystery
To date, around 24,000 Bitcoins have reportedly been reactivated through periodic transactions, with the latest one taking place on November 15th.
This transaction involved 40 wallets and a staggering 2,000 BTC, equivalent to around $176 million.
These transactions typically involve consolidating funds into secure P2SH addresses before dispersing them to modern, cost-efficient bech32 addresses.
This discovery has reignited speculation about the true identity of Satoshi and the reasons behind these strategic movements.
Tracking the Megawhale
On November 19th, Bitcoin research firm BTCparser shared an interesting update, highlighting a collection of Bitcoin wallet addresses created in 2010.
Each of these wallets, containing 50 BTC, remained inactive until the first “awakening” in November 2019.
These wallets, referred to as the “2010 megawhale,” have sparked speculation about their owner.
BTCparser theorized that Nakamoto may control these addresses, strategically selling parts of the stash while intentionally leaving the 2009 wallets untouched to avoid attracting attention.
This pattern has deepened the mystery surrounding Bitcoin’s elusive creator and their long-term plans.
If Satoshi Nakamoto is behind the activity in the 2010 wallets, it shows a strategic effort to maintain privacy and anonymity.
By avoiding the more closely scrutinized 2009 wallets linked to Bitcoin’s creation, Satoshi minimizes the risk of revealing their identity.
Instead, using the 2010 wallets allows for discreet transactions while keeping the original holdings untouched, preserving them as a reserve and avoiding unnecessary public or media attention.
This strategy reflects careful planning, aligning with Satoshi’s well-known focus on privacy and decentralization.
BTCparser ended by noting that Coinbase might hold clues to the seller’s identity unless intermediaries were used to maintain anonymity.
