An exceptionally rare satoshi, the smallest unit of Bitcoin, has recently been sold for 33.3 Bitcoin (BTC), equivalent to approximately $2.13 million. The sale took place on the cryptocurrency exchange CoinEx Global on April 25, five days after it was mined by the Bitcoin mining pool viaBTC in block 840,000 on April 20, marking the fourth Bitcoin halving.
The Epic Satoshi
This unique satoshi, known as an “epic sat,” was auctioned off with 34 bids received before an unidentified bidder secured ownership rights to “sat number 1,968,750,000,000,000.” The runner-up bidder offered 20 Bitcoin for the rare sat, but ultimately lost the auction. CoinEx announced the successful conclusion of the auction, highlighting that it represented more than just a bidding event. They emphasized that the sale symbolized community recognition and the widespread embrace of Bitcoin.
The Concept of Epic Sats
The concept of epic sats stems from the Ordinals number system, which assigns a unique sequence number to each satoshi based on mining timestamps. Since there have been four Bitcoin halvings, only four of these rare sats exist. While an ordinary satoshi is currently valued at $0.00065, certain sats hold greater collectible value due to their unique identifiers. The scarcity of these sats is enhanced by the periodic events within the Bitcoin network.
Reference:
https://finance.yahoo.com/news/rare-satoshi-mined-fourth-bitcoin-043842091.html
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