Satoshi Nakamoto’s Bitcoin stash worth over $100b #CriptoNews

Satoshi Nakamoto, Bitcoin’s pseudonymous creator, holds around $100 billion worth of cryptocurrency across thousands of wallets.

Satoshi’s known Bitcoin (BTC) stack amounts to 1,096,354 tokens worth $100 billion as of Feb. 4, according to blockchain tracking startup Arkham.

The on-chain intelligence provider said Satoshi’s BTC trove is spread amongst over 22,000 wallet addresses. Over the years, many analysts theorized that Bitcoin’s creator managed thousands of BTC wallets before logging off.

Arkham connected the wallets to Satoshi using the so-called “Patoshi Pattern,” a mining pattern employed by the elusive BTC creator. The firm also added the only known address Satoshi used to spend Bitcoin.

Satoshi Nakamoto’s invention dominates crypto

Satoshi Nakamoto published the popular BTC white paper in October 2008, introducing the digital asset and how the world could connect to its underlying decentralized network.

Sixteen years later, Bitcoin has become a top 10 global asset with a $2 trillion market capitalization. BTC also accounts for over 61% of the total cryptocurrency market, valued at over $3.3 trillion by publishing time.

Private corporations, federal governments, and states have shown interest in accumulating Bitcoin, further fueled by U.S. President Donald Trump publicly supporting and championing pro-BTC policies.

Some 15 states have either proposed or considered laws to create BTC reserves funded by sovereign wealth and taxpayer cash. Washington also plans to establish a national strategic BTC reserve. Also, Wall Street offers exchange-traded funds that invest in BTC. These spot BTC ETFs garnered over $110 billion from investors in their first year of trading on U.S. exchanges, more than Satoshi Nakamoto holds in thousands of wallets.