Arkham data, flagged by Onchain Lens, showed the transfer marked the wallet’s first activity in four months. The address still holds around 1,330 Bitcoin, valued at roughly $98.7 million at current prices, indicating that a significant portion of the holdings remains untouched. “Satoshi-era” refers to Bitcoin wallets dating back to the network’s earliest years, around the time when its pseudonymous creator, Satoshi Nakamoto, was active.

Pursuit To Save Satoshi’s Wallets From Quantum Attacks

The movement came as developers revisit how to secure long-dormant Bitcoin holdings against emerging technological risks. Jameson Lopp, a prominent Bitcoin developer who identifies as a “cypherpunk,” and other developers put forward a proposal, BIP-361, on Tuesday that outlines a mechanism to freeze wallets that could become vulnerable to quantum-computing attacks.

The proposal suggests that inactive Bitcoin, including an estimated 1.1 million coins attributed to Satoshi Nakamoto, and currently worth roughly $74 billion, could be protected by restricting movement unless certain security conditions are met.

Cypherpunks are a group of technologists and privacy advocates who promote the use of cryptography to enhance individual freedom and security. Adam Back, whose Hashcash system influenced Bitcoin’s proof-of-work design, is widely regarded as part of this tradition. The ideas behind cypherpunk philosophy were formalized in the “Cypherpunk Manifesto,” which emphasized privacy and cryptographic control over digital systems.

Bitcoin’s price was trading at $74,049, down 0.5% in the last 24 hours. On Stocktwits, retail sentiment around BTC remained in the ‘bullish’ zone, while chatter stayed at ‘high’ levels over the past day.

Institutional Demand For Bitcoin Grows

The move also came on the heels of growing institutional interest in Bitcoin. Earlier this month, Morgan Stanley (MS) launched its Morgan Stanley Bitcoin Trust (MSBT).

According to on-chain data identified by Arkham, the fund currently holds around $64.4 million in Bitcoin across tracked wallet addresses and has bought nearly $83.6 million worth of BTC in one week.

On Tuesday alone, MSBT saw around $15.5 million in net inflows, as per SoSoValue data. Retail sentiment for MSBT dropped to ‘bearish’ from ‘neutral’ over the past day, while chatter dropped to ‘low’ from ‘high’.

Goldman Sachs (GS) is also looking to move into the space, reportedly filing for a Bitcoin ETF, signaling broader participation by major Wall Street investment banks in Bitcoin-related investment products.
source: https://www.tradingview.com/news/stocktwits:49328c3c0094b:0/