Why trust Greenbot
An unknown wallet sent $20,000 worth of Bitcoin (BTC) to Satoshi Nakamoto’s legendary Genesis Block address on June 30, reigniting speculation about whether such transfers represent costly mistakes or deliberate tributes to Bitcoin’s enigmatic creator.
Arkham Intelligence detected the 0.185 BTC transaction flowing into the address that holds approximately $117 billion in dormant Bitcoin. The blockchain analytics firm questioned the sender’s intent on social media.
“Was this an accident, or an OG Bitcoiner giving back?” Arkham posted on X.
Source: Arkham Intelligence
This marks the second-largest transfer to Satoshi’s wallet since February. Back then, someone sent $200,000 after withdrawing money from the Binance exchange. That earlier transaction also left crypto analysts puzzled about the sender’s motivations.
Arkham suspects the latest transfer originated from either an accidental exchange withdrawal or a crypto service error. Most large transfers to Satoshi’s addresses appear connected to exchange operations rather than intentional donations.
The pattern suggests systematic user errors during withdrawal processes. However, some analysts interpret these recurring donations as a sign of community support for early Bitcoin miners who helped establish the network’s initial security.
Past transfers have ranged from $7,140 to $1.17 million over recent years. The largest single donation occurred one year ago, when address bc1***6v2 sent $1.17 million to Satoshi’s Genesis address.
Early Bitcoin-era miners have significantly reduced their selling activity this year. According to CryptoQuant data, these miners sold only 150 BTC in 2025, compared to 10,000 BTC during the same period last year.
Some crypto enthusiasts view these transfers as symbolic gestures honoring the anonymous founder of Bitcoin. Community members sometimes suggest sending parts of their crypto portfolios to Satoshi “for the cause.”
Satoshi’s wallet contains multiple addresses with a total value of $117 billion in Bitcoin. None of it has moved since the creator disappeared in 2011. Any movement from these addresses would likely trigger massive market volatility and intense global attention.
The mystery surrounding these donations reflects the broader fascination with Satoshi’s identity. Recent speculation has centered on figures such as Twitter co-founder Jack Dorsey and Canadian Bitcoin Core developer Peter Todd, although no definitive proof has emerged.
Meanwhile, Craig Wright’s fraudulent claims to be Satoshi reached a conclusion with his conviction for contempt of court. Judge James Mellor sentenced Wright to one year in prison, suspended for two years, after finding “overwhelming” evidence he is not Bitcoin’s creator.
The recurring transfers to Satoshi’s addresses highlight the enduring reverence for Bitcoin’s anonymous founder within the cryptocurrency community, whether these donations stem from accidents or genuine gratitude.
