"Epic Sat" Auction Concludes at Over $2 Million

An "epic sat" from the fourth Bitcoin halving was auctioned off for a staggering 33.3 Bitcoin (BTC), roughly equivalent to $2.13 million.

This satoshi stands out due to its rarity: it is one of only four that exist from the first block of each Bitcoin halving.

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Identified as "sat number 1,968,750,000,000,000," this satoshi was mined by ViaBTC from block 840,000 on April 20 and sold just five days later. The auction, which began on April 22, closed with 34 bids.

The sale took place on the CoinEx Global exchange, which expressed their excitement over the successful event on X.

Satoshis, the smallest units of Bitcoin, are usually valued at approximately $0.00065. However, "epic sats" like this one carry historical importance and are much more valuable.

These units are part of the Ordinals system, which assigns a unique sequence number based on mining timestamps to each satoshi, enhancing their value as collectibles.

Looking ahead, the next Bitcoin halving is expected to occur around 2028 at block 1,050,000, further reducing the mining reward to 1.5625 Bitcoin.

In the process of mining the fourth halving block, ViaBTC received a block subsidy of 3.125 Bitcoin and 37.6 Bitcoin in transaction fees, totaling approximately $2.4 million at that time.

This underscores the unique elements of Bitcoin, which introduce major events like the sale of this epic sat.