A Satoshi-era Bitcoin address moved 100.02 BTC after 16 years of inactivity, according to Galaxy Research. The transfer was valued at $8.55 million based on the figures cited in the report. The address involved was 1J3A7HovGXxK1GoCGMJpXGKa5sSwCrNHJ3. Bankless founder David Hoffman said the move may have been made in preparation for quantum-resistant security. The report did not provide further details beyond the transfer, the wallet address, and Hoffman’s comment on a possible motive.
A Satoshi-era Bitcoin address moved 100.02 BTC after 16 years of inactivity, according to Galaxy Research. Based on the figures cited in the report, the transfer was worth about $8.55 million.
The address involved was 1J3A7HovGXxK1GoCGMJpXGKa5sSwCrNHJ3.
Bankless founder David Hoffman said the transfer may have been intended as preparation against quantum attacks.
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