A significant event is unfolding in the cryptocurrency world as the fourth “epic sat,” a landmark piece of Bitcoin mining history, is now being auctioned on the global exchange CoinEx. This auction represents the first time such a rare digital artifact has been publicly offered on a trading platform, drawing attention from collectors and crypto enthusiasts worldwide.
The auction commenced on April 23 and is set to conclude on April 26. Participants can place bids directly on the auction page after logging into their accounts, with the starting bid set at 1 Bitcoin. The highest bidder when the auction closes will win the right to own this extraordinary piece of blockchain heritage.
To take part, bidders must hold sufficient Bitcoin in their CoinEx spot account. All bids must be made in BTC. When a user submits a bid, the corresponding amount is temporarily held by the system. If another user places a higher bid, the previously held funds are immediately released, allowing the earlier bidder to try again. All participants will receive notifications about the auction’s outcome via email and in-platform messages.
What Is an Epic Sat?
A “sat” or satoshi is the smallest unit of Bitcoin, named after the cryptocurrency’s mysterious creator, Satoshi Nakamoto. An “epic sat” is a special category of satoshi mined immediately after a Bitcoin halving event.
Halving occurs every 210,000 blocks—roughly every four years—and reduces the block reward granted to miners by half. The first satoshi mined after each halving is designated as an “epic sat.” With only 32 such sats possible throughout Bitcoin’s entire supply lifecycle, each one is exceptionally rare and historically meaningful.
Only four epic sats have been mined so far, making them among the most sought-after digital collectibles. Their value isn’t just symbolic; it’s also financial. Even less rare sats have commanded high prices at auction. For instance, Sotheby’s auctioned a rare satoshi last year for over $100,000—and that wasn’t even an epic sat.
Why This Auction Matters
This event is not just another sale; it’s a milestone. It reflects the growing maturity of the crypto market, where digital artifacts and historical tokens are now recognized as valuable beyond their nominal transaction value.
By hosting this auction, CoinEx is providing a transparent and accessible venue for a high-profile crypto collectible. This isn’t just for whales or institutional investors; retail users can also participate, provided they meet the bidding requirements.
Auctions like this also help educate the public about Bitcoin’s cultural and historical layers, moving the conversation beyond price and speculation.
How to Participate in the Auction
If you’re interested in bidding, the process is straightforward:
- Log in to your CoinEx account
- Ensure you have enough BTC in your spot account
- Visit the auction page and place your bid
- Monitor the auction—you may need to bid again if you are outbid
Remember, all bids are final once placed, and funds are locked until you are outbid or the auction ends.
👉 Explore the current bid status and auction details
The Role of CoinEx in the Crypto Ecosystem
Founded in 2017, CoinEx is a global cryptocurrency exchange that emphasizes simplicity and user experience. Serving over five million users across more than 200 countries, the platform offers a wide range of services including spot trading, futures, swaps, and automated market maker (AMM) functionalities.
The exchange is known for its extensive list of supported assets, with more than 900 tokens and 1,400 trading pairs available. This allows traders and investors to access new and emerging projects early on.
More importantly, CoinEx has built a reputation for fairness and security, core principles that make it a trusted platform for both new and experienced users.
Frequently Asked Questions
What is an epic sat?
An epic sat is the first satoshi (the smallest unit of Bitcoin) mined after a Bitcoin halving event. Only 32 can ever exist, making them extremely rare and valuable.
How does the auction work?
The auction is conducted in BTC. Users place bids, and the highest bid when the auction ends wins. If you are outbid, your locked BTC is returned immediately, and you can bid again.
Who can participate?
Any CoinEx user with a verified account and sufficient BTC in their spot wallet can place a bid.
Why is this satoshi so valuable?
Its value comes from its historical significance and extreme scarcity. It represents a key moment in Bitcoin’s emission schedule and is one of only four such sats in existence.
Can I bid if I am new to CoinEx?
Yes, but you must first register and complete account verification. You also need to deposit enough BTC to cover your bid.
What happens if I win the auction?
The epic sat will be credited to your CoinEx account. You can hold it as a collectible, transfer it, or even trade it if a market develops.
Auctions of rare digital assets like the epic sat represent a new frontier in crypto collecting. They blend technology, history, and economics into a unique offering that appeals to a broad audience. Whether you're a bidder or an observer, this event is a noteworthy moment in the ongoing story of Bitcoin.