Satoshi’s Bitcoin Stash Could Be Worth More Than Gates’ Fortune

Conor Grogan, a director at Coinbase $3.01B , shared findings from Arkham Intelligence that point to Nakamoto possibly holding around 1.096 million Bitcoin. At current prices, that would amount to about $108 billion.

"In total, this research points to Satoshi owning 1.096 million BTC, $108 billion worth, making them wealthier on paper than Bill Gates,” Grogan said in a February 5 post on X.

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For comparison, Bill Gates, co-founder of Microsoft, is estimated to have a net worth of about $106 billion, ranking him 16th among the world’s wealthiest individuals, according to Forbes. If Nakamoto’s holdings are accurately traced, they would now surpass Gates in estimated wealth.

While Nakamoto has remained anonymous, new details suggest that the crypto exchange Kraken $560.04M may have information on their identity. According to Grogan, Nakamoto’s last known transactions with a centralized exchange (CEX) took place through CaVirtEx, a Canada-based exchange that Kraken later acquired in 2016.

"CaVirtEx was purchased by Kraken in 2016. As such, there is a chance that Jesse Powell has information on the true identity behind Satoshi if they maintained any KYC information on this wallet," Grogan noted, adding that Nakamoto should delete the data.

Meanwhile, Brian Armstrong, CEO of Coinbase, recently called for changes in how his crypto trading platform manages token listings. What did he say? Read the full story.