The Bitcoin wallet belongs to a miner who earned 50 BTC as mining rewards in July 2010, a time when BTC was trading at $0.05.
A Satoshi-era Bitcoin wallet dating back to 2010 woke up from dormancy after 14 years and sent 50 Bitcoin to the crypto exchange Binance.
The Satoshi era refers to the period between 2009 and 2011, during which Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was active on online forums.
According to data from onchain analytic firm Lookonchain, the Bitcoin (BTC) wallet is linked to a BTC miner who earned 50 BTC as mining rewards in July 2010. These are some of the earliest mined Bitcoin when mining reward per block used to be 50 BTC compared to the current 3.125 BTC.
