Satoshi Nakamoto, the Creator of Bitcoin, Now Holds 1.96 Million BTC Worth $120 Billion

Arkham Intelligence has disclosed that the creator of Bitcoin – known only as Satoshi Nakamoto – now holds roughly 1.96 million BTC.

Arkham Intelligence has revealed that Satoshi Nakamoto, the creator of Bitcoin, is now sitting on a massive 1.96 million BTC stash. At today’s prices, that crypto cache is worth around $120 billion. According to Arkham, this makes Nakamoto the 11th richest person on Earth. His share also comes to 5.2% of all Bitcoin ever mined.

This finding deepens the mystery surrounding Nakamoto, as these wallets haven’t moved since 2011. Back then, Bitcoin was still a fringe experiment. Yet, even then, those same addresses tower over many national treasuries. Even a small sale could reshape prices.

Bitcoin (BTC) is hitting new highs as part of a broader crypto price surge.

Bitcoin's stash grows

The mystery around Nakamoto deepens as these wallets haven’t moved since 2011. Back then, Bitcoin was still a fringe experiment.

Now, those same addresses tower over many national treasuries. Even a small sale could reshape prices.

Bitcoin recently spiked to almost $112,000 before sliding back toward $110,000. In November 2021, its previous high was near $67,000. Today’s surge more than doubles that peak. This rapid climb has sent shockwaves through both crypto veterans and new buyers.

Arkham's analysis, based on on-chain data, shows that seven crypto addresses, created in 2010 and 2011, hold the bulk of Satoshi’s Bitcoin fortune. The firm’s researchers used a unique methodology to identify these wallets.

According to Arkham, these addresses were last touched in 2011. Back then, the world’s richest person was the late Spanish billionaire heiress, who had a net worth of around $40 billion. Meanwhile, the top 10 crypto assets today have a combined market cap of about $2.34 trillion.

At today’s prices, Nakamoto’s Bitcoin holdings are greater than the total market value of the top nine crypto assets. Among publicly known individuals, only the chairman and CEO of LVMH, has a greater fortune than Nakamoto.

Bitcoin’s Total Value Surpasses Amazon’s Market Cap

Bitcoin’s total value has hit about $2.16 trillion, eclipsing Amazon’s (NASDAQ:) roughly $2.13 trillion market cap. Investors now list the crypto among the top five global assets.

However, Bitcoin is a decentralized token, while Amazon is a single company. Some experts warn it’s not a neat comparison.

As reported by TokenPost, despite a recent slide, Bitcoin is still outperforming major U.S. stocks. In the past year, BTC has gained about 160% from May 2022 levels.

Meanwhile, the S&P 500 has risen around 130% from May 2022, while the Dow Jones Industrial Average has appreciated by about 120% over the past 12 months.

Kiyoaki spoke about government trust in fiat currency shifting toward crypto.