Biggest Satoshi-era transfer ever creates unease for Bitcoins investors

The transfer of some 80,000 Bitcoins, minted between 2011 and 2013, also known as the ‘Satoshi era’, is making investors very nervous. The owner of these digital coins waited an average of thirteen to fourteen years to move his wealth. Is Satoshi Nakamoto preparing for a sale? And what could this mean for the price?

Genesis block

Legend has it that Satoshi Nakamoto, the anonymous inventor of Bitcoin, owns the first 1.1 million Bitcoins. These coins, which were minted after the ‘genesis block’, were mined for cents per Bitcoin of course. In the years that followed, the price of the most famous digital currency did increase, but it wasn’t until 2014 or 2015 that we were talking about a thousand dollars per coin.

A Bitcoin OG holding at least 80,009 $BTC($8.69B) woke up after 14+ years of dormancy and transferred out 40,000 $BTC($4.35B) today!

This OG controls about 8 wallets, 2 of which received 20,000 $BTC($15,600 at the time, $2.18B now) on April 2, 2011, when the price of $BTC was… pic.twitter.com/F8jULZ6Ee7

— Lookonchain (@lookonchain) July 4, 2025

If this is true, then Satoshi Nakamoto is one of the richest people in the world, if he ever decides to sell these Bitcoins of course. What it would mean for the price if Satoshi ever decides to sell about 5% of the total of all available Bitcoins, remains anyone’s guess, but according to analysts it can’t be good. It would create an oversupply and that means the price would probably collapse.

So when it was announced yesterday that an anonymous trader had moved some 80,000 Bitcoins from the so-called ‘Satoshi era’ to 8 wallets (probably with the intention of selling them), it caused a lot of speculation and nervousness among traders. The seller bought these Bitcoins for a price between 70 cents and 3 dollars, and is poised to become a billionaire if he sells.

Nobody knows who it is, but the market is speculating wildly. Is Satoshi back?