Satoshi Nakamoto, the mysterious and anonymous creator of Bitcoin, is estimated to hold a staggering fortune worth $120 billion, solidifying their position as one of the wealthiest individuals in the world. Ranked as the 11th richest person globally, Nakamoto sits just behind Google co-founder Sergey Brin.
Nakamoto’s wealth is derived from their ownership of approximately 1 million Bitcoins, mined during Bitcoin’s early days, which have remained untouched since their creation. This fortune has surged alongside Bitcoin’s meteoric rise, with the cryptocurrency recently hitting an all-time high near $112,000 before experiencing a slight retreat.
Currently, Bitcoin is trading around $110,000, as per CoinMarketCap data. Despite Bitcoin’s volatility and Nakamoto’s absence from public life, their contributions to the world of decentralized finance have laid the foundation for the cryptocurrency revolution, profoundly impacting global markets and digital economies.
Satoshi Nakamoto’s Wallets Hold 5.2% of All Bitcoin
Blockchain analytics firm Arkham Intelligence recently revealed on X (formerly Twitter) that a number of dormant Bitcoin wallets associated with Satoshi Nakamoto, Bitcoin’s mysterious creator, have remained inactive since 2011. This was the same year Nakamoto vanished from public communication.
These wallets collectively hold approximately 1.96 million BTC, valued at tens of billions of dollars, and represent about 5.2% of Bitcoin’s total supply—a substantial portion that positions Nakamoto as one of the largest holders in the cryptocurrency ecosystem.
The sheer size of this holding gives Nakamoto significant theoretical influence over the Bitcoin market, as the release of even a fraction of these coins into circulation could potentially impact prices and market stability. Despite this, the coins have remained untouched, fueling intrigue and speculation about Nakamoto’s identity and intentions.
Many theories about Nakamoto’s true identity persist, with some suggesting computer scientist Hal Finney, a key early Bitcoin developer, cryptographer Nick Szabo, or even a group of individuals could be behind the pseudonym. Others believe Nakamoto’s disappearance and the inactivity of these wallets were intentional to ensure the decentralization and credibility of Bitcoin.
Moreover, institutional interest has been a major factor in Bitcoin’s recent surge. Big companies are ramping up their support, boosting both demand and price. The introduction of a spot Bitcoin ETF has further fueled this momentum, expanding Bitcoin’s investor base beyond just retail traders. This shift is advantageous for Nakamoto, as the rally now relies more on institutional support than on retail activity.
Bitcoin (BTC) Becomes 5th Largest Asset by Market Value
According to CoinMarketCap, Bitcoin is currently trading at $109,576, reflecting a minor dip of 0.21% in the last 24 hours. It maintains a market capitalization of $2.176 trillion, solidifying its position as a key player in global financial markets. Over the past day, Bitcoin has recorded a trading volume of approximately $50.40 billion.
In a significant milestone, Bitcoin recently overtook Amazon to become the world’s 5th-largest asset by market value, emphasizing its increasing relevance and adoption as a store of value and investment vehicle. This development underscores the growing trust in Bitcoin as a dominant asset, driven by institutional adoption, mainstream recognition, and its utility as a hedge against inflation.
At the same time, attention remains fixed on the enigmatic figure of Satoshi Nakamoto, the creator of Bitcoin. Nakamoto’s vast holdings, estimated to be around 1 million BTC (worth over $120 billion at current prices), represent a significant portion of Bitcoin’s supply.
Also Read: Bitcoin (BTC) Tops Amazon and Google with $2.2T Market Cap
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
