What happened: 2.565 BTC sent to Satoshi’s genesis address
An anonymous individual transferred 2.565 bitcoin (BTC) to Satoshi Nakamoto’s genesis address last weekend.
According to Arkham Intelligence, the transfer was recorded on-chain to the genesis address, which shows no outgoing transactions.
Why it matters: coins are provably unspendable at this address
This matters because coins sent to the genesis address are treated as provably unspendable under Bitcoin’s consensus and common tooling. In practice, inbound value cannot be moved from that address.
Control would only be indicated by an outbound transaction from the address, something never observed. “Only outgoing movement from that address would suggest ownership or control,” said CCN.
Immediate impact: symbolic gesture, no Bitcoin market or control signal
As reported by CoinCentral, analysts view the transfer as a symbolic tribute or de facto burn, not a signal about market direction or protocol control.
At the time of this writing, Bitcoin (BTC) traded around $70,380, with very high 10.07% measured volatility and bearish sentiment in the same dataset.
How to verify the transaction and address on-chain yourself
Find the genesis address and its latest incoming transactions
Open a reputable Bitcoin blockchain explorer and search for the Satoshi Nakamoto genesis address label. Navigate to the address page and review the latest incoming transactions, noting the 2.565 BTC entry.
Confirm txid, timestamp, amount, and no outgoing history
Open the transaction detail to confirm its txid string, timestamp aligning with last weekend, and the 2.565 BTC amount. On the address overview, verify there is no outgoing history. Cross-check on a second explorer.
FAQ about Satoshi Nakamoto genesis address
Does this transfer mean Satoshi is active or controls the genesis address?
No. Only an outbound transaction would imply control, and none exists.
Are coins sent to the Bitcoin genesis address spendable or permanently lost?
They are considered permanently unspendable under prevailing consensus; no outgoing history exists for the address.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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