The 'Hidden Swordsman' of the Bitcoin World: The 140,000x Legend of a Mysterious Miner
An address that has been silent for many years suddenly glimmers — 80,000 BTC, worth $7.55 billion, quietly rests in the wallet of an 'independent miner'.
This is neither Satoshi Nakamoto nor MicroStrategy, but a 'hermit' from the early Bitcoin world. His holding size is equivalent to:
MicroStrategy (590,000 BTC) at 13.4%
Satoshi Nakamoto (estimated 1.26 million) at 6.35%
7.5 times the 24-hour BTC spot trading volume of Binance
Even more astonishing is that his cost was only $0.76 per coin, yielding a return of 140,000 times, enough to make any hedge fund blush.
1. Who is this 'independent miner'?
Early miner: Around 2010, the difficulty of Bitcoin mining was extremely low, and a home computer could participate.
Long-term holder: He has not moved his holdings for over a decade, surviving multiple bull and bear markets, including the 2013 Mt. Gox collapse, the 2017 ICO frenzy, and the $60,000 peak in 2021.
Non-institutional, non-exchange: The address has no large transfer records, ruling out the possibility of custodianship or funds.
'He is not Satoshi Nakamoto, but he may be the closest holder to 'Bitcoin fundamentalism'.' — On-chain analyst
2. A cost of $0.76, and a return of 140,000 times
In 2009-2010, Bitcoin was virtually worthless, and mining electricity costs were negligible.
Assuming he mined with an ordinary computer back then, the electricity cost was approximately $0.76/BTC.
Today, 80,000 BTC is worth $7.55 billion, yielding a profit of 140,000 times.
Comparison:
MicroStrategy average price ~ $35,000/coin
Tesla average price ~ $31,000/coin
His cost ≈ the price of a fast-food meal
3. Why has he been discovered now?
Mature on-chain monitoring: Tools like Glassnode and Arkham leave whales nowhere to hide.
Market liquidity shrinkage: Binance's 24-hour BTC trading volume is only $1 billion, with 80,000 BTC representing too high a proportion; moving it could trigger a massive shock.
Industry curiosity: The mysterious address from the Satoshi Nakamoto era has always been a 'Holy Grail'-level puzzle in the crypto circle.
4. Will he sell? Can the market bear it?
If sold all at once: 80,000 BTC is approximately a week's trading volume for Binance, which could cause a waterfall decline.
More likely methods:
OTC off-exchange trading (to avoid market impact)
Gradually transferring to exchanges (e.g., 500 coins per day)
Continue to hold (believer's logic)
'His existence itself is the best advertisement for Bitcoin's 'scarcity'.'
