Satoshi-Era Bitcoin From 2011 Moves for First Time, Booking 582,198% Gain
- —28.46 BTC worth $2.43M sat dormant for 15.2 years since June 12, 2011
- —Average cost basis was about $15, producing a $2.44M gain (+582,198%)
- —Kraken was attributed as the recipient in block 970281
- —Bitcoin was down 3.68% to $83,081 at the time of writing
Why it matters: Moving Satoshi-era coins to an exchange may signal preparation to sell and weighs on market sentiment.
Source: U.Today