A mysterious transaction quickly after the Bitcoin blockchain’s 15-year anniversary sparked hypothesis on Crypto Twitter, with commerce watchers offering a change of theories as to why any individual sent better than a million dollars to Satoshi Nakamoto’s pockets deal with.

On Jan. 5, an nameless Bitcoin user sent 26.9 BTC, price around $1.2 million at the time, to the pockets that bought the first genesis block reward. The destination deal with is legendary to be Satoshi’s pockets, and has remained lazy since the pseudonymous Bitcoin creator disappeared in 2010.

Blockchain details displays that the funds were withdrawn from crypto commerce Binance around two weeks within the past, and moved to a brand new pockets deal with sooner than being sent to Satoshi’s pockets.

Though sending coins to the dormant Genesis pockets is now not any longer a wholly unique phenomenon, the scale of the transaction caught the distinction of the wider crypto community.

“Both Satoshi wakened, bought 27 bitcoin from Binance, and deposited into their pockets, or any individual factual burned a million dollars,” wrote Conor Grogan, Coinbase’s head of product and commerce operations, in a put up on X.

Others, like attorney Jeremy Hogan, a accomplice at Hogan and Hogan who on an everyday basis comments on crypto-related apt cases, instructed that the transaction would possibly perchance perchance additionally were motivated by any individual attempting to speak Satoshi’s honest identification.

“Below the brand new IRS guidelines, you would possibly perchance well perchance perchance also deserve to document any receipt of crypto over $10k. So, Satoshi has to dox himself, OR atomize the legislation,” acknowledged Hogan.

On the opposite hand, market contributors identified that Hogan’s theory relied on the conclusion that Satoshi is an American citizen, and the Inner Earnings Service (IRS) would deserve to be as a lot as the divulge of monitoring down the enigma that’s Satoshi.

One more favorite theory used to be that the nameless sender used to be any individual who owed self-proclaimed “Bitcoin creator” Craig Wright money, and opted to ship the funds to an deal with he claims to hang.

“Some within the BSV camp accept as true with acknowledged that Craig moved it there and plans to dramatically switch the coins at some stage in his upcoming court docket case,” wrote X user Timechain.