Someone, somewhere, just sent $1.2 million worth of crypto to the long-dormant wallet of Bitcoin’s ever-elusive, pseudonymous founder Satoshi Nakamoto. 

Now many in crypto are wondering: Who did this, and why? 

On Friday, an unidentified crypto wallet with no previous transaction history sent 26.92 BTC—worth some $1.26 million at writing—to the Bitcoin “Genesis” wallet, which Satoshi used to mine the first-ever Bitcoin block on January 3, 2009. The BTC sent by the wallet was transferred over from a Binance account. 

Crypto users routinely send Bitcoin to the Genesis wallet as a form of honorific tribute to the cryptocurrency’s mysterious founder. Yesterday, for example, the address received 15 separate payments. And Friday’s payment indeed came just two days after the 15 year anniversary of the Genesis block.

But such transactions are typically miniscule, ranging from a few ce

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Author: Sander Lutz

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