Conor Grogan, a director at Coinbase, suggested that the anonymous Bitcoin transfer could be some sort of weird ETF marketing scheme.
An unidentified Bitcoin user transferred 26.9 Bitcoin (BTC) worth $1.17 million to the genesis wallet — the first ever wallet on the Bitcoin network set up by Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
The Bitcoin transaction occurred on Jan. 5 at 1:52 am Eastern Time. The amount was sent from an emptied wallet to the genesis wallet, accompanied by a transaction fee of $100, notably higher than the average.
The wallet’s initial funding involved moving funds from three wallets to 12 others. Most of the funds originated from a wallet associated with Binance on Arkham Intelligence, a blockchain analytics platform.
