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Bitcoin’s First Trade Now Worth $130 Million

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Fourteen years ago today, on October 12, 2009, a historic moment unfolded in the world of Bitcoin as Bitcoin saw its first-ever trade for U.S. dollars. 

This pivotal event, orchestrated by Martti “Sirius” Malmi, a developer who worked with Bitcoin’s pseudonymous creator Satoshi Nakamoto on some of its earliest software versions, marked the birth of its circular economy.

In this inaugural trade, Malmi exchanged 5,050 Bitcoins for a mere $5.02, valuing each Bitcoin at a fraction of a cent. 

Fast forward to the present day, and the price appreciation of Bitcoin has been nothing short of astounding. With Bitcoin’s current value exceeding $26,000 per coin, that humble $5 trade from 2009 is now worth an astonishing $130 million. 

This exceptional price growth over the years has made early Bitcoin enthusiasts and adopters witnesses to a true financial revolution.

The trade was revealed by Malmi in 2014, when he wrote on Twitter (now X): “Found the first known bitcoin to USD transaction from my email backups. I sold 5,050 BTC for $5.02 on 2009-10-12.”

The tweet was resurfaced today by Bitcoin Historian Pete Rizzo.

This remarkable milestone not only highlights the dramatic increase in Bitcoin’s value but also serves as a testament to the innovation and resilience of cryptocurrencies. Bitcoin’s ability to disrupt traditional financial systems and establish itself as a store of value has reshaped the financial landscape. It continues to draw attention from investors, institutions, and individuals seeking financial freedom and security.

As the crypto community celebrates the 14th anniversary of Bitcoin’s first trade, it’s an opportunity to reflect on the profound impact this digital currency has had on the world of finance. The legacy of Satoshi Nakamoto, Martti Malmi, and countless others who have contributed to Bitcoin’s growth remains a testament to the ongoing evolution of the cryptocurrency revolution.

​ A pivotal event in the creation of the Bitcoin economy occurred 14 years ago today with a trade now worth $130,000 that was then worth pennies. 

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Solana Meme Coin SEAL Hits $2.5M in Presale Ahead of Exchange Listings – Branded Spotlight Bitcoin News

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Meme coins are thriving on Solana – with the up-and-coming Sealana (SEAL) token being one of the most talked-about new projects. This seal-themed crypto

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Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation

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This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims.

​ This past week, legislators passed comprehensive digital asset legislation aimed at curbing the SEC’s expansive jurisdiction claims. 

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Okx Ceases Crypto Trading Services in Hong Kong — Users Advised to Withdraw Assets – News Bytes Bitcoin News

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Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong.

​ Cryptocurrency exchange Okx has decided to withdraw its virtual asset service provider (VASP) license application in Hong Kong. 

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