Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is estimated to own approximately 1 million Bitcoins. This estimation is based on the analysis of early mining patterns and blockchain data. These coins have remained unspent since they were mined, contributing to the mystery surrounding Nakamoto’s identity and intentions. At current market rates, the value of these Bitcoins would be significant, making Satoshi Nakamoto one of the wealthiest individuals or entities in the world if the coins were ever sold. However, it is very unlikely that these coins will ever move and adds to the overall scarcity of Bitcoin. Saylor has termed 1 Nakamoto to be the equivalent of 1 million Bitcoins. The amount the the spot ETFs now collectively hold. Bitcoin superannuation accounts in Australia are adding to the scarcity element of Bitcoin by taking supply away from the market as individuals increase their portfolio allocation with the view to capital preservation.
1 Nakamoto
