An “epic sat,” mined from the fourth Bitcoin (BTC) halving block, fetched an impressive $2.1 million at a recent auction on CoinEx Global. This rare satoshi, with its distinctive sequence number, sold for 33.3 BTC, emphasizing its considerable value to collectors worldwide.
Hosted by CoinEx, this auction marked the first-ever public sale of an epic satoshi, attracting intense global interest and competitive bidding. A satoshi is the smallest unit of Bitcoin, representing one hundred millionth of a single coin.
The epic satoshi, or “epic sat,” represents the first sat of a block mined after a Bitcoin reward halving. This particular asset, mined by the Bitcoin pool ViaBTC from the 840,000th block on April 20, 2024, carries a unique serial number, 1,968,750,000,000,000, making it a significant piece of crypto history as the first sat of the fourth Bitcoin halving epoch.
Picks for you
Given that there have been four halvings, only four of these rare satoshis exist. As unique digital assets, epic satoshis are highly valued for their scarcity and significance, garnering widespread admiration and favor from users- CoinEx highlighted in their blog post.
The auction began on April 23, 2024, at 16:00 UTC and concluded after two days of bidding. Starting with a minimum bid of 1 BTC, it eventually garnered 35 bids, reflecting the scarcity and high value placed on unique digital assets. The final selling price was nearly 20 times higher than that of a “rare sat” sold at Sotheby’s, demonstrating the extraordinary market demand for such rare items.
BTC price analysis
At press time, Bitcoin is trading at $64,000.The winning bid for the epic sat auction reached a substantial 33.3 BTC, equivalent to roughly $2.1 million, based on the current Bitcoin value of $64,000.
Given one Bitcoin can be subdivided into 100 million Satoshis (sats), the intrinsic Bitcoin value of this particular epic sat is approximately $0.00064. This significant disparity between the winning bid and the epic sat’s intrinsic Bitcoin value highlights its status as a unique collectible.
This sale not only highlights the rarity and value of epic sats as digital assets but also sets a new precedent in the realm of cryptocurrency collectibles, hinting at a future where historical blockchain artifacts could fetch even higher values.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk
