Satoshi Nakamoto, the Unknown Creator of Bitcoin, Now Holds a Fortune Worth $120 Billion

Satoshi Nakamoto, the unknown person behind the creation of Bitcoin, now has a fortune worth $120 billion, making him the 11th richest person in the world.

The dramatic increase in Satoshi Nakamoto's wealth follows the latest Bitcoin price surge. The largest cryptocurrency recently hit a new high of almost $112,000 before staging a mild pullback from those levels.

Satoshi Nakamoto and BTC Wallet Boost

Satoshi Nakamoto, the mysterious creator of Bitcoin (BTCUSD0,000s) is now estimated to have around 1.96 million BTC, valued at $120 billion. This makes him the 11th richest person in the world, narrowly behind Google (GOOGL) co-founder Sergey Brin.

The increase in his fortune comes as a result of the latest Bitcoin price rally, which saw the cryptocurrency hit a new all-time high of $112,000. At the time of writing, CoinMarketCap data shows that Bitcoin is now trading at around $110,000.

Earlier this week, Arkham Intelligence, a blockchain analytics firm, shared an update on several dormant wallets believed to be controlled by Nakamoto. The wallets are still loaded with a massive fortune, even though they’ve remained inactive since 2011, the last year in which the Bitcoin creator was known to be active online before disappearing entirely.

At present, his Bitcoin holdings are estimated to be 5.2% of the entire cryptocurrency's supply.

While his true identity is still hotly debated among crypto enthusiasts, some believe he could be Hal Finney, Nick Szabo, or someone else entirely.

Those in the Bitcoin community have also expressed concern over the potential effect of these coins being sold on the market.

Bitcoin Surpasses Amazon In Market Value

In another major moment for the crypto space, Bitcoin has outpaced Amazon (AMZN) to become the 5th largest asset in the world.

As of writing, the Bitcoin market capitalization is $2.16 trillion, a figure that compares to $2.13 trillion for Amazon. This milestone places Bitcoin among the top global assets and signals a broader shift in how financial markets treat digital currencies.

The role of institutional interest in crypto cannot be overstated. As more institutions pour money into crypto, and with the launch of the spot Bitcoin ETF fast approaching, the demand for BTC is only set to increase further.

This factor benefits Satoshi Nakamoto, as the bitcoin rally is no longer reliant on retail investors to maintain its momentum.

More Bitcoin Buys From Strategy

Meanwhile, Michael Saylor's firm, Strategy (NASDAQ:STRM) - formerly known as MicroStrategy(NASDAQ:MICRO) - has made further additions to its bitcoin holdings.

According to a recent 13F filing with the Securities and Exchange Commission (SEC), Strategy purchased 4,020 BTC in the period between May 19 and 25.

This latest purchase brings the firm’s total bitcoin holdings to over 580,250 BTC, which the company now holds in its treasury.

However, despite this bullish move, Strategy's stock price is down more than 7% in pre-market trading on Wednesday.

Kiyosaki Explains Bitcoin Support

Elsewhere, Rich Dad Poor Dad author Robert Kiyosaki has explained why he supports bitcoin and not fiat money.

In a recent post on X, Kiyosaki stated that most people disobey both Gresham's and Metcalf's laws. He added that people still trust coins made by governments, which he calls "counterfeit money," more than bitcoin, which he calls "real money."

According to Kiyosaki, people prefer paying taxes in bitcoin to investing in good-paying jobs. He noted that they would rather work hard to pay taxes to the government in bitcoin than invest in a good-paying job that would be taxed by the government.

The remarks from Kiyosaki highlight the growing frustration among some toward the traditional financial system and the increasing interest in alternative assets like bitcoin as an investment.