Eager bidders gathered on the CoinEx exchange platform as Bitcoin mining pool ViaBTC auctioned off its prized “epic sat” for a staggering sum of 33.3 BTC, equivalent to over $2.1 million. This highly anticipated event marked a significant milestone in Bitcoin’s history, as enthusiasts vied for the chance to own a piece of crypto history.
JUST IN: The first satoshi of #Bitcoin‘s fourth halving block just auctioned off for 33.3 #BTC worth over $2.1 million 🤯 pic.twitter.com/Sw1tHxWVyR
— Bitcoin Magazine (@BitcoinMagazine) April 25, 2024
The “epic sat” is highly sought after by collectors and investors alike, representing the first satoshi of each halving epoch. With ViaBTC securing this unique satoshi in block 840,000, marking the fourth Bitcoin halving, the intense bidding war that ensued saw the final bid reach an impressive 33.3 BTC, valued at $2,134,452.
The concept of “epic sats” has captured the imagination of many within the Bitcoin community, with its rarity and significance within the Ordinals numbering system adding to its allure. As these satoshis become highly coveted collectibles, the market for rare sats has seen a surge in activity, with prices exceeding their nominal value by a significant margin.
Participants in the Bitcoin market, including miners, developers, investors, and collectors, have all taken notice of the growing interest in rare satoshis. The auction’s record-breaking final bid of over $2.1 million highlights the cultural and historical significance of these unique assets within the crypto space.
As the ecosystem of Bitcoin continues to evolve, the market for rare satoshis and related assets is expected to expand, offering new opportunities for those looking to engage with the growing world of collectible crypto assets.
