Earlier quoted context omitted.
I suspect the original rationale is about preserving the longevity of the backdoor. If you blow a hole wide open that anyone can enter, it’s going to be found and shut down quickly. If this hadn’t had the performance impact that brought it quickly to the surface, it’s possible that this would have lived quietly for a long time exactly because it’s not widely exploitable.
I agree that this is probably about persistence. Initially I thought the developer was playing the long-con to dump some crypto exchange and make off with literally a billion dollars or more. But if that was the case they wouldn't bother with the key. It'd be a one-and-done situation. It would be a stop-the-world event. Now it looks more like nation-state spycraft.
Why not? It's possible someone else could've discovered the exploit before the big attack but decided not to disclose it. Or that they could've disclosed it and caused a lot of damage the attacker didn't necessarily want. And they easily could've been planning both a long-term way to access a huge swath of machines and also biding their time for a huge heist.
They have no reason to not restrict the backdoor to their personal use. And it probably is spycraft of some sort, and I think more likely than not it's a nation-state, but not necessarily. I could see a talented individual or group wanting to pull this off.