An extremely rare satoshi from Bitcoin’s fourth halving block was recently sold for over $2 million. The crypto mining pool ViaBTC auctioned off “Sat 1,968,750,000,000,000” for 33.3 BTC, approximately $2.13 million, on the cryptocurrency exchange CoinEx Global.
CoinEx Global announced that ViaBTC successfully mined the 840,000th block, marking Bitcoin’s fourth halving and featuring a block identified as a rare satoshi. This event was not just a bidding event but a part of Bitcoin’s blockchain history, showcasing the community’s acknowledgment and wider acceptance of the asset and the network.
The satoshi, known as an “epic sat,” attracted a lot of interest, with 34 bids before an unidentified bidder secured ownership rights. Only four of the first satoshis mined after a Bitcoin halving are considered exceptionally rare and valuable, making them highly sought after within the Bitcoin ecosystem.
Following the fourth halving event on April 20, Bitcoin’s price has been struggling, dropping below $64,000 at one point. However, the cryptocurrency has since seen some recovery, currently trading at around $64,386. The next Bitcoin halving is projected to take place around April 17, 2028, with the fifth “epic sat” associated with the subsequent block as mining rewards decrease.
Despite the price fluctuations, the recent sale of the rare satoshi highlights the growing interest and value associated with Bitcoin within the cryptocurrency community.