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0 sats \ 6 replies \ @ZezzebbulTheMysterious 5 Mar \ on: Did we just pass the P2PK brute force price point, or are we getting prepared? bitcoin
It’s someone moving to sell. Maybe someone moving to a P2TR output.
Nobody has broken ECDSA :-)
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31 sats \ 5 replies \ @antic OP 5 Mar
It looks like it went to an exchange. The multisig payout address then shot it all out (9 minutes later) to a collection of segwit addresses as 11.23080108 BTC each and to some multisigs... and the segwit addresses shot them out to more places that appear to be distribution gatway addresses (like https://mempool.space/address/bc1qpn5jcmqjfx3j00j6ktzgrn2gdlf534cjcgtwdq) maybe this is a big odd washing system...
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111 sats \ 4 replies \ @ZezzebbulTheMysterious 5 Mar
They will be sitting in Coinbase custody or Gemini custody wallets earmarked as ETF AUM within 24h. :-)
Frankly I’m surprised they sold now! All coins go to Blackrock, except the coins you refuse to sell!
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10 sats \ 3 replies \ @antic OP 6 Mar
This person probably has many thousands of bitcoin offline anyway still. Selling this batch of 1,000 might have just been a way to get $68M for spending money for the rest of their lives/retirement.
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111 sats \ 2 replies \ @ZezzebbulTheMysterious 6 Mar
Maybe. There ain't many folks with this kind of coin to throw around that are not MS. I suspect most of the early players have been identified or are public at this point.
1,000 coins was always quite a large slice to either mine OR buy IMHO.
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10 sats \ 1 reply \ @antic OP 6 Mar
Totally, which is why this particular batch is so interesting. Why stop at moving precisely 1,000 of mined bitcoin unless it’s just a round chunk of a bigger set of holdings.
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10 sats \ 0 replies \ @antic OP 6 Mar
Jokes on everyone, Elon Musk has been mining bitcoin since 2010 and he moved it to an exchange so he could ape it into Dogecoin to drive it to $1 before dumping Doge back for 7,000 bitcoin.
Carnage.
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