Bitcoin User Sends $180K to Satoshi’s Genesis Address

A mysterious Bitcoin transfer has caught the attention of the crypto community. An unknown Bitcoin User sent about 2.56 BTC. It is worth nearly $180,000 to Bitcoin’s original genesis address. The transaction took place on February 7. It quickly spread across crypto X and tracking platforms. The address links to the very first BTC block mined in 2009. It is widely linked to Satoshi Nakamoto. The anonymous creator of Bitcoin. But there is no sign of any outgoing movement from the wallet. The coins appear to be lock there forever.

A Historic Address That Never Moves

The genesis address holds special meaning in the Bitcoin ecosystem. It received the first 50 BTC block reward. Back then, the network launched in January 2009. Those coins have never moved. That’s why most experts believe the private keys are lost or simply inactive.

Due to this, any BTC sent to this address becomes unspendable. In simple terms, the coins are burn. After this new transfer, the wallet now holds more than 57 BTC. Which is worth several million dollars at current prices. This address is often tie to Satoshi Nakamoto’s identity. Although no one knows for sure. Blockchain analysts estimate that Satoshi mined about 1.1 million BTC in the early days. None of those coins has ever been spent.

Verified On-Chain With No Satoshi Activity

The Bitcoin user transaction appeared clearly on blockchain explorers and analytics platforms. Several tracking services confirmed that the transfer was inbound only. The sender remains unknown and the address showed no outgoing movement. This detail matters. Some social media users briefly speculated about Satoshi Nakamoto’s return. But experts quickly dismissed those claims. The wallet only received funds and didn’t send anything out. So, the event doesn’t signal any activity from Bitcoin’s creator. It is simply another deposit into a wallet that has stayed silent for more than a decade.

Tribute, Burn, or Symbolic Gesture

These kinds of Bitcoin user transfers are not new. Some users call them “Satoshi offerings.” People send Bitcoin to the genesis address as a tribute to the creator or the network’s origins. Others see it as a symbolic burn. Since the coins can’t be spent, the move slightly reduces the circulating supply. Still, the effect is extremely small and doesn’t impact the market.

Similar deposits have happened in the past. In 2024, a user sent millions of dollars’ worth of BTC to the same address. Each time, the act sparks debate between those who admire the gesture. Also, those who see it as wasted money. For now, the transfer adds another layer to Bitcoin’s growing lore. The real market shock would only come if coins ever move out of Satoshi Nakamoto linked wallets. Until then, these transactions remain symbolic acts on the blockchain.

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