January 5 unknown user sent 26.91 BTC (almost $1.2 million at the exchange rate at the time of writing) to the wallet of Bitcoin creator Satoshi Nakamoto.
The sender's address was replenished from three sources, writes The Block. Most of the funds came from a wallet flagged on the Arkham Intelligence platform as belonging to Binance.
At the time of writing, the Genesis wallet holds 99.67 BTC, worth approximately $4.4 million. The assets stored in it have not been moved since the disappearance of the creator of Bitcoin in December 2010.
Maybe some sort of weird ETF marketing scheme? 🤷♂️
— Conor (@jconorgan) January 6, 2024
He also admitted that there was “bizarre marketing” surrounding the potential approval of a spot Bitcoin ETF.
Source: Cryptocurrency

I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.