Satoshi Nakamoto, the mysterious creator of Bitcoin, has once again seen their Bitcoin holdings surge past the $100 billion threshold. As Bitcoin prices soar, Nakamoto’s 1.1 million BTC are now worth over $103 billion, solidifying their position as the largest individual Bitcoin holder in the world.
Bitcoin Price Surge and $103 Billion Holdings
Bitcoin has recently surged past the $94,000 mark, reaching as high as $94,500 before consolidating at slightly lower values across exchanges. This price increase has been a key factor in pushing Nakamoto’s Bitcoin holdings back into the $100 billion club. The surge marks a recovery of 27% above its five-month low earlier this month.
Nakamoto’s Untouched Bitcoin Holdings
Despite the massive increase in value, Satoshi Nakamoto’s holdings remain untouched. The 1.1 million BTC, which were mined between 2009 and 2010, have not been moved or sold since their creation. These coins were mined using the unique “Patoshi Pattern,” identifiable by distinct technical features. Nakamoto’s Bitcoin remains dormant, with no indication that it will be used for selling or transferring purposes.
Comparison with Institutional Investors
Though Nakamoto remains the largest individual Bitcoin holder, institutional investors are also significant players in the Bitcoin space. Notably, BlackRock, the largest Bitcoin ETF, holds approximately 573,000 BTC, and MicroStrategy owns about 538,000 BTC. Together, these institutions, alongside Tesla and others, have amassed considerable Bitcoin reserves. However, unlike Nakamoto’s personal and untouched holdings, institutional Bitcoin ownership comes with legal and regulatory obligations to stakeholders.
Tesla, for instance, holds approximately 11,509 BTC, valued at over $1 billion, showing the growing trend of companies incorporating Bitcoin into their assets.
Conclusion
Satoshi Nakamoto’s Bitcoin holdings remain one of the largest, untouched wallets in the world. As Bitcoin continues to climb in value, Nakamoto’s stake remains a symbol of the creation and early days of Bitcoin, with no active trading or selling of their substantial reserve.
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