Satoshi Nakamoto, the mysterious creator of Bitcoin, has once again found themselves in the spotlight as the value of their Bitcoin holdings surpasses $100 billion. This milestone comes as Bitcoin experiences a resurgence in price after recent lows, with the cryptocurrency trading above $94,000. Nakamoto’s untouched holdings, which amount to around 1.1 million BTC, are now worth over $103 billion, marking a significant achievement in the crypto market.
The recent surge in Bitcoin price has propelled Satoshi Nakamoto’s holdings to the $100 billion mark, reaffirming their status as the largest individual holder of BTC. This increase comes on the back of a rally that has seen Bitcoin climb by 27% from its five-month low, peaking at $94,500 before settling at slightly lower levels. Data from Arkham Intelligence indicates that Nakamoto’s holdings have remained dormant for over a decade, making them a key player in the ongoing bullish trend for Bitcoin.
Despite the substantial value of their Bitcoin holdings, Satoshi Nakamoto has not made any movements or transactions with their coins since they were mined in the early days of Bitcoin. The 1.1 million BTC associated with Nakamoto were mined using the unique “Patoshi Pattern,” a set of blocks with distinct technical features believed to have been created by a single entity. The only known Bitcoin transaction directly involving Nakamoto took place in 2009, and since then, their holdings have remained untouched.
In comparison to institutional investors like BlackRock and MicroStrategy, who also hold significant amounts of BTC, Satoshi Nakamoto’s holdings stand out as the largest individual BTC holdings. BlackRock’s Bitcoin ETF manages around 573,000 BTC, while MicroStrategy holds approximately 538,000 BTC. Together, these institutions control over 1.1 million BTC, similar to Nakamoto’s holdings. However, unlike Nakamoto’s privately held stash, institutional Bitcoin reserves are subject to obligations to investors and regulators.
Tesla, another major player in the Bitcoin space, boasts a significant BTC holding of around 11,509 BTC, valued at over $1 billion. While not on the same scale as BlackRock or MicroStrategy, Tesla’s Bitcoin holdings highlight the growing corporate interest in cryptocurrencies. Unlike Nakamoto, Tesla actively buys and holds Bitcoin as part of its corporate strategy. The presence of institutional investors and corporations in the Bitcoin market adds a new dynamic, contrasting with Nakamoto’s iconic and untouched Bitcoin holdings.
