Satoshi Nakamoto Now 11th Richest Person Amid Bitcoin Boom

Satoshi Nakamoto, the unknown person behind the creation of Bitcoin, now has a fortune worth $120 billion, making him the 11th richest person in the world. Notably, the dramatic increase in his wealth follows the latest Bitcoin price surge. The largest cryptocurrency recently hit a new high of almost $112,000 before staging a mild pullback.

Satoshi Nakamoto and BTC Wallet Boost

Satoshi Nakamoto, the mysterious creator of Bitcoin, has seen his estimated holdings grow to around 1.96 million BTC, now valued at $120 billion. 

This development makes him the 11th richest person in the world, narrowly behind Google co-founder Sergey Brin. The increase is linked directly to the Bitcoin price rally, which recently pushed the cryptocurrency’s price to a new all-time high of $112,000. As of now, CoinMarketCap data shows that Bitcoin remains near the $110,000 mark.

In a recent post on X, Arkham Intelligence, a blockchain analytics company, revealed that several dormant wallets believed to be controlled by Nakamoto hold a vast fortune. These wallets have remained untouched since 2011, when the Bitcoin creator disappeared from the public eye.

Notably, his holdings represent 5.2% of the entire Bitcoin supply, giving him potential influence over the market. 

While his identity remains unconfirmed, some still debate whether he is Hal Finney, Nick Szabo, or someone else entirely. Regardless, the Bitcoin community has always remained cautious about the potential effect of these coins if sold.

Bitcoin Overtakes Amazon In Market Value

In another major moment for the crypto space, Bitcoin surpassed Amazon to become the 5th largest asset in the world. 

As of writing, the Bitcoin market capitalization comes in at $2.16 trillion, a figure that outpaced the $2.13 trillion for Amazon.

This market cap milestone also places Bitcoin among the top global assets and reflects a broader shift in how financial markets treat digital currencies. 

Institutional interest has played a big role in this, with growing support from top firms. The launch of the spot Bitcoin ETF is also driving up demand and price. As a result, Bitcoin’s rally no longer hinges on retail investors, benefiting Satoshi Nakamoto.

Active Bitcoin Purchases In Play

Michael Saylor’s firm, Strategy, formerly known as MicroStrategy, has strengthened its Bitcoin commitment by purchasing 4,020 BTC between May 19 and 25. This recent purchase pushes the firm’s total holdings to over 580,250 BTC, which the company now holds.

Despite this, its stock price has dropped more than 7% in pre-market trading, showing that market confidence does not always align with Bitcoin buys.

Meanwhile, Robert Kiyosaki, author of Rich Dad Poor Dad, recently shared his reasons for supporting Bitcoin. He said many people violate Gresham’s and Metcalf’s laws by trusting fiat money over what he calls “real money,” like Bitcoin. 

Robert’s remarks reinforce the growing belief that BTC is not just an investment, but a store of value in a system many believe is flawed.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.