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

Source Bitcoinist

Arkham Intelligence has disclosed that the creator of Bitcoin – known only as Satoshi Nakamoto – now holds roughly 1.96 million BTC. At today’s prices, that stash is worth about $120 billion. According to Arkham, this makes Nakamoto the 11th richest person on Earth. His share adds up to 5.2% of all Bitcoin ever mined.

Satoshi’s Bitcoin Cache Grows

The mystery around Nakamoto deepens as these wallets haven’t moved since 2011. They remained untouched when Bitcoin was still a fringe experiment. Now, those same addresses tower over many national treasuries. Even a small sale could reshape prices.

Bitcoin Hits New Heights Under Price Rally

Bitcoin recently spiked to almost $112,000 before sliding back toward $110,000. In November 2021, its previous high was near $67,000. Today’s surge more than doubles that peak. This rapid climb has sent shockwaves through both crypto veterans and new buyers.

Crypto Versus Corporate Giants

Based on market data, Bitcoin’s total value hit about $2.16 trillion. That figure eclipsed Amazon’s roughly $2.13 trillion market cap. Investors now list the crypto among the top five global assets. Still, Bitcoin is a decentralized token, while Amazon is a single company. Some experts warn it’s not a neat comparison.

Big Players And Market Moves

Michael Saylor’s firm, Strategy, bought 4,020 BTC between May 19 and 25, bringing its total to 580,250 BTC. Yet Strategy’s stock dipped over 7% in pre-market trading on May 26. That drop shows Wall Street can shrug off big BTC buys.

Meanwhile, Robert Kiyosaki, author of “Rich Dad Poor Dad”, called Bitcoin “real money” and warned that fiat cash might lose its grip on trust. He pointed to Gresham’s Law and Metcalfe’s Law to make his case.

Institutional interest is one factor. Another is the rollout of spot Bitcoin ETFs in several markets. These funds let big investors buy Bitcoin without wrestling with private keys. That move has lifted demand even when retail buyers step back.

Still, some in the crypto community worry about the silent wallets. No one really knows if Satoshi might ever move those coins. If he did, prices could wobble. A sudden sell-off of even a small slice—say 100,000 BTC—would flood the market. Right now, the mere thought keeps traders on edge.

Today’s numbers shine a spotlight on how far Bitcoin has come. From a few cents per coin to more than $110,000, it’s been a wild ride. But the giant stash held by an unknown creator adds a new layer of drama. For now, those coins stay frozen in time. And that mystery, like the price swings, is part of what keeps people talking.

Featured image from Wexo, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
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