On Monday, the blockchain trackers and researchers from Whale Alert published a new research report about the infamous fortune allegedly owned by Satoshi Nakamoto. Researchers estimate that Bitcoin’s creator possibly mined coins up to block 54,316, capturing 1,125,150 BTC or $10.5 billion using today’s exchange rates.
For years now armchair sleuths and researchers have tried to estimate how many bitcoins Nakamoto owns and many people leveraged mining patterns. One of the most popular theories about Satoshi Nakamoto’s bitcoin (BTC) stash stems from RSK Labs chief scientist Sergio Demián Lerner. The RSK Labs engineer is famous for his Patoshi pattern study and he also maintains a website called Satoshi Blocks.
In his study, Lerner produced data sets from his blockchain analysis that tracked the extranonce fields within the coinbase field stemming from the coinbase transactions themselves. From Lerner’s old research and the Patoshi pattern study published on April 16, 2019 people estimate that Bitcoin’s creator had close to a million BTC.
However, in 2018 the researchers from Bitmex Research conducted an in-depth study about Satoshi’s alleged bitcoin stash as well and estimates were much lower. Bitmex concluded that Bitcoin’s creator may have only mined 600,000 to 700,000 BTC or $6.5 billion worth of coins.
Now, the blockchain tracking firm Whale Alert has published a study with a new estimate and the researchers claim it is quite “accurate.”
“We were able to make the most accurate estimate of the number of blocks mined and bitcoins owned by Satoshi: 1,125,150 bitcoin mined up to block 54,316 with an estimated total value of the unspent bitcoin of at least $10.9 billion USD in today’s market,” Whale Alert wrote on
