Did Satoshi Nakamoto Just Withdraw 27 Bitcoin From Binance?

The receiver address holds 50 BTC mined at genesis block and it is owned by Satoshi Nakamoto.

Last updated: February 12, 2024 5:02 AM

Published 2024-01-06

A genesis Bitcoin address belonging to Satoshi Nakamoto received nearly 27 BTC from Binance on January 6, as per data from Blockchain Explorer.

Conor Grogan, the director at Coinbase, noted the transaction while predicting that it was either Satoshi Nakamoto who bought Bitcoin from Binance and withdrew it to his address or someone just burned the amount by sending it to an inactive Satoshi address.

Either Satoshi woke up, bought 27 bitcoin from Binance, and deposited into their wallet, or someone just burned a million dollars pic.twitter.com/w34kjnAHPJ
— Conor (@jconorgrogan) January 6, 2024

According to the Blockchain.com explorer, the receiver address is a Genesis address, and it is owned by the anonymous creator of Bitcoin, Satoshi Nakamoto.

The address currently has 99.67 BTC, which also contains the unspendable 50 BTC mined from the genesis block, the first-ever block on the Bitcoin blockchain.

*Satoshi Bitcoin Address – Blockchain.com*

Following the news, the crypto community started gossiping around, with several users believing that it is all some kind of marketing as the Bitcoin ETF approval deadline is nearing.

Also Read: BitMEX Launches Bitcoin to the Moon on Historic Mission

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