Who Really Holds the Most Bitcoin?
While Satoshi Nakamoto's identity remains one of crypto's greatest mysteries, blockchain evidence consistently points to one undeniable fact: the enigmatic creator still controls the largest known stash of Bitcoin. Chain analysis suggests wallets linked to Satoshi's early mining activities hold approximately 968,000 BTC—around 4.6% of the total supply—surpassing any known institution or national reserve.
The Hidden Fortune of Early Mining
During Bitcoin’s first two years, mining was nearly competition-free. Satoshi is believed to have mined over a million BTC during this period before vanishing. These addresses have remained untouched for over a decade, turning them into the most legendary 'sleeping whales' in digital asset history.
Other Major Players Emerge
Trailing behind is a major investment entity holding roughly 672,000 BTC—evidence of long-term institutional accumulation. Meanwhile, a national government, through asset seizures, now holds about 328,000 BTC, highlighting the growing role of regulation in the crypto space.
- Satoshi Nakamoto: ~968,000 BTC (dormant)
- Major investment firm: ~672,000 BTC
- Government reserve: ~328,000 BTC
Why Dormant Addresses Matter
These inactive holdings don’t just signal wealth concentration—they significantly impact market liquidity. If Satoshi’s coins ever moved, it could trigger massive volatility. Yet, most experts believe these coins are more symbolic than economic, representing the original vision of decentralized currency.