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Satoshi Nakamoto's Bitcoin Fortune Tops $108 Billion, Overtaking Bill Gates
Generated by AI AgentCoin World
Thursday, Feb 6, 2025 10:05 am ET1min read
Bitcoin creator Satoshi Nakamoto's Bitcoin holdings could potentially be valued at over $108 billion, raising questions about the true identity behind Bitcoin's pseudonymous creator.
Recent onchain research suggests that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, may now be wealthier than Bill Gates, based on the rising valuation of Nakamoto's Bitcoin holdings. According to Conor Grogan, director at Coinbase, Nakamoto's holdings could exceed 1.096 million Bitcoin (BTC), worth over $108 billion.
New research from Akrham Intelligence identified additional addresses potentially belonging to Nakamoto, Grogan said in a Feb. 5 Xpost:
"In total, this research points to Satoshi owning 1.096M BTC, $108B worth, making them wealthier on paper than Bill Gates," Grogan said.
At the time of writing, former Microsoft CEO Bill Gates had a net worth of approximately $106 billion, making him the world’s 16th richest person, according to Forbes rankings. Provided that the transaction patterns are accurate, this would make Nakamoto the world’s 16th richest person, overtaking Gates.
Centralized exchange (CEX) Kraken may possess data related to Nakamoto's identity, as Nakamoto's last known transactions with a CEX occurred through Cavirtex, a Canada-based exchange acquired by Kraken in 2016, Grogan noted:
"CaVirtEx was purchased by Kraken in 2016. As such, there is a chance that @jespow has information on the true identity behind Satoshi if they maintained any KYC information on this wallet."
"My advice to him would be to delete the data," Grogan added.
Nakamoto's last documented onchain transactions with a CEX reportedly occurred in 2014, according to Grogan's findings.
However, at the time, Know Your Customer (KYC) verification was not widely enforced in the cryptocurrency industry. Kraken was among the first documented exchanges to implement KYC verification as early as 2014, but requirements for all users were only implemented in 2017 and 2018.
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