Satoshi era investor decides to sell his Bitcoins after a 12-year wait

Is it a sign of a temporary peak forming, or should we not view it that way? Just like this summer, an investor from the so-called Satoshi era (in other words, someone who owns Bitcoins older than 12 years) decided to sell. Given the small number of Bitcoins he decided to offload, it won’t cause a crash, but it’s remarkable that he finally chose this moment after waiting for 12 years. Does this long term investor believe a crash is imminent?

Genesis

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

So, the person mentioned in this article waited since 2013 to sell his Bitcoins. He bought 400 Bitcoins for around $100 to $135 each back then and moved them to a trading platform to sell them for over $100,000 this past week. Hats off for his patience, of course.

A dormant wallet woke up after 12 years, moving 400.08 $BTC($44.29M) to multiple new wallets 3 hours ago.

The 400.08 $BTC was received from miners 15 years ago.https://t.co/aem7WhbkOu pic.twitter.com/3m4XSBNXFO

— Lookonchain (@lookonchain) September 29, 2025

The problem is that he’s not the first “Satoshi-era” investor to decide to sell his Bitcoins recently. At the end of July, there was another one, but that one held 40,000 Bitcoins. Those coins too were likely bought by other investors who believe strongly in Bitcoin’s long-term potential.