Bitcoin (BTC) owner of the era Satoshi made a 965,517,137% gain after the recent sell-off. CryptoQuant analyst Maartunn called it «the wildest news of the day in the blockchain world.»
The early BTC supporter’s wallet initially held 13 BTC, and the owner has been systematically selling around 1 BTC per year since 2018.
Three days ago, a trader sold 1,02 BTC for approximately $84,000. These coins were mined in 2013 by the very first mining pool in history, Slush Pool, now called Braiins.
The initial price of these coins was $0,0087, or less than one cent. Therefore, selling 1 BTC for approximately $84,000 means the trader made a profit of more than 9,6 million times their initial investment. In percentage terms, the return is 965,517,137%.
This deal attracted widespread attention because the trader actually realized his dream of becoming incredibly rich with Bitcoin. In fact, in the early days of mining, the only cost of BTC mining was electricity.
Perhaps the selling price of $84,000 was not chosen in the best way, since we are already seeing an upward price rebound, which allowed BTC to rise above $89,000 in a day.
In any case, selling at a large profit does not raise any questions in terms of expediency, but Michael Saylor was criticized for not buying on the decline.