September 28, 2021

Coinbase sent SEC filing to Satoshi in a symbolic gesture

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United States-based cryptocurrency exchange Coinbase named Bitcoin creator Satoshi Nakamoto in its recent filing with the Securities and Exchange Commission for a direct listing on the stock market.

According to the SEC filing, Coinbase sent copies of its S-1 registration statement — which, if approved, would bring the company closer to having its shares traded on U.S. stock exchanges — to legal team members at Coinbase Global and California law firm Fenwick & West. In addition, the exchange listed Satoshi Nakamoto and the Bitcoin (BTC) genesis block address as recipients of a copy of the SEC filing.

The legendary Bitcoin creator was mentioned four times in the filing, including as the author of the Bitcoin white paper. The S-1 report also describes the possible identification of Satoshi and the transfer of his BTC holdings as events that could cause the price of Bitcoin and Ether (ETH) to deteriorate.

An investigation of Bitcoin’s earliest blocks suggests Satoshi mined at least 1.1 million BTC — worth roughly $55 billion today. The suggestion that moving these coins could disrupt the crypto market is not without precedent. Small amounts of some of the earliestTitle: Coinbase sent SEC filing to Satoshi in a symbolic gesture
Sourced From: cointelegraph.com/news/coinbase-sent-sec-filing-to-satoshi-in-a-symbolic-gesture
Published Date: Thu, 25 Feb 2021 19:10:00 +0000