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$120 Billion Bitcoin Stash Puts Satoshi Nakamoto At No. 11 On Rich List

  • Satoshi Nakamoto, the creator of Bitcoin, holds roughly 1.96 million BTC worth about $120 billion, making him the 11th richest person globally.
  • The Bitcoin stash attributed to Nakamoto has not moved since 2011, and his ownership constitutes 5.2% of all Bitcoin ever mined.
  • Bitcoin's recent surge saw its value reaching around $112,000, up from a previous high of $67,000 in November 2021, causing ripples in the crypto market.
  • Institutional interest in Bitcoin, coupled with the introduction of spot Bitcoin ETFs, has bolstered its market value, with concerns lingering around the possibility of Satoshi Nakamoto selling off his coins.

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