Satoshi Nakamoto, a pseudonymous person or group of people who developed Bitcoin, appears to have returned a few days after celebrating the crypto community's 15th anniversary and commemorating the mining of Bitcoin's genesis block by Satoshi Nakamoto . Someone just transferred 27 BTCs to Satoshi Nakamoto's wallet address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.
Satoshi Nakamoto takes action
A historic transaction was carried out on January 6th when someone bought 27 BTCs from the Binance crypto exchange and sent them to Satoshi Nakamoto's wallet address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.
The news spread like wildfire in the crypto community and most people expected the return of Bitcoin father Satoshi Nakamoto. Some are speculating whether it was actually Satoshi or whether someone just transferred 27 BTC worth over $1 million to shine a spotlight on Bitcoin's adoption and growth.
The transaction coincided with spot Bitcoin ETF issuers updating the 19b-4 amendments, indicating a likely approval of the spot Bitcoin ETF by the US Securities and Exchange Commission next week. BlackRock, Grayscale, Fidelity, Ark 21Shares, Bitwise, VanEck, Valkyrie, Invesco Galaxy, Hashdex, WisdomTree and Franklin Templeton are in the running for spot Bitcoin ETF approval.
Bloomberg ETF analyst James Seyffart notes that these submissions do not represent a guarantee of approval but represent significant progress in the process. Senior ETF Analyst Eric Balchunas noted that the final S-1s are due on Monday and the SEC is expected to approve the spot Bitcoin ETFs on January 11th.
Also Read: Blackrock Bitcoin ETF has $2 billion worth of BTC ready for trading
More about the transaction and the wallet
Satoshi Nakamoto mined the Genesis Bitcoin block on January 3, 2009 and added 50 BTC to the wallet address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa.
The last transaction in Block 824513 The amount executed today is the second largest amount as 26.91 BTCs were added to the wallet by bc1q9z82prqdknpv4ku3haargeu7c0h67yrpree6v2. Satoshi's wallet now contains 99.67 BTC, worth over $4.3 million.
Also Read: Bitcoin ETF launch expected on January 11, suggests Bloomberg analyst
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