Satoshi Nakamoto Wallet Address | How Much Is That Worth Now?

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is among the largest holders of Bitcoin. However, their story is one of the most fascinating mysteries of the 21st century, as we still don’t know whether Satoshi is a single person, a group of individuals, or an entity.

Saotshi invented the Bitcoin blockchain and mined millions of coins before vanishing from the face of the Earth. They have stayed completely anonymous, but have left their bitcoins, which are now worth billions of dollars, untouched since 2010.

Researchers have been able to track Satoshi’s various wallets, more than 20,000 by some estimates, mostly containing 50 BTC – the reward amount miners received before the first Bitcoin halving in 2012.

In this article, we will explore interesting facts about Satoshi Nakamoto’s wallets and how much his Bitcoin holdings are worth today. So without further ado, let’s get started.

How Many Bitcoins Does Satoshi Nakamoto Own?

It is believed that Satoshi Nakamoto holds approximately 1.1 million BTC, but it is worth noting that this number is only an estimate. The most widely accepted estimate is that he mined around 1 million bitcoins. However, it is difficult to track the exact coins owned by Satoshi, because the public wallet addresses said to belong to them haven’t been fully identified.

We all know that Satoshi mined the first bitcoins, and this was proven by emails they sent to a mailing group stating that the genesis block would contain a newspaper headline. The message on the Genesis block read: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”.

The 1.1 million number comes from findings made by Sergio Demian Lerner, chief scientist at RSK Labs, who identified an interesting mining pattern during the first two years of Bitcoin.

In 2013, he released a study, suggesting that throughout almost all of 2009, the blockchain’s hashrate stayed at a low of 7 million H/s (hashes per second). This consistency indicates that a lone miner was the only one contributing to the network’s operation at that point.

As of September 2025, the Bitcoin mining hashrate is reported to be 1.127 ZH/s (zettahashes per second) at a block height of 915,301.

Sergio also noted that this 7 million figure was the same amount of hash rate in the first 14 days of Bitcoin’s life, adding to the assumption that during this time, Satoshi was the only miner on the blockchain. According to the researcher’s findings, a single miner processed around 22,000 blocks between 2009 and 2010, gathering approximately 1.8 million BTC, of which 1.1 million coins remain unspent. A wallet belonging to the dominant miner during this period is now assumed to be Satoshi Nakamoto’s.

First Bitcoin Transaction: Is Hal Finney the Real Satoshi Nakamoto?

The first-ever peer-to-peer Bitcoin transaction was made on January 12, 2009, when Satoshi sent 10 BTC to Hal Finney, a cryptographer and prominent member of the Cypherpunk movement. Before this, all transactions on the blockchain involved miners receiving rewards for mining blocks. Those bitcoins were sent to Finney a day after his now-infamous tweet, which stated “Running bitcoin” – the first Bitcoin-related social media post that was made two days after the Bitcoin Core software debuted.

The fact that Hal Finney was involved with Bitcoin so early, and his contributions to the fields of digital privacy and cryptocurrency, led many to speculate that he may have been the real Satoshi Nakamoto, but this theory was never proven and remains a conspiracy.

Satoshi Nakamoto’s Bitcoin Wallets

• 1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb
• 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

Estimates suggest that Satoshi could have more than 20,000 different wallet addresses. They seemingly used different wallets to receive each block reward, and since they were the first and most prominent miner on the network during its initial years, they received a large number of coins as rewards.

One of the most interesting addresses supposedly controlled by Satoshi is the one they used to send bitcoins to Hal Finney. This wallet – 1HLoD9E4SDFFPDiYfNYnkBLQ85Y51J3Zb1 – currently has a balance of 18.44 BTC, amounting to approximately $2.15 million at press time. The balance in this address has been growing slowly over the years, as it occasionally receives BTC from people paying tribute to Satoshi.

Another famous Satoshi wallet is the Bitcoin Genesis address – 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, which was the one that mined the first block on the blockchain. This wallet now contains a balance of 103.03 BTC, worth around $12.03 million at current prices. Similar to the address that made the first BTC transfer, the genesis address also occasionally receives bitcoins as a tribute. In January 2024, an anonymous person sent 26.9 BTC to the wallet.

An interesting fact about this address is that the 50 BTC block reward it received for mining the genesis block is unspendable, because Satoshi did not add the transaction to the global Bitcoin transaction database, which is utilized by miners for verifying and adding transactions to the blockchain. Whether this was a mistake or a deliberate move remains another mystery.

However, other addresses controlled by Satoshi Nakamoto contain spendable bitcoins, but to date, they remain untouched. This is another reason why many in the community speculate that Satoshi might be dead or may have lost access to the wallets.

What is Satoshi Nakamoto’s Net Worth?

It is widely accepted that Satoshi mined a huge number of blocks and earned a massive amount of Bitcoin. However, the estimates vary depending on the source; for example, BitMEX Research assumed it to be anywhere between 600,000 and 700,000 BTC, while according to Sergio Lerner’s ‘Patoshi Pattern’, the number sits at 1.1 million BTC. 

Even if we were to use BitMEX’s more conservative estimate of 600,000 coins, Satoshi still holds nearly $70 billion worth of Bitcoin, making them the 21st richest person in the world, according to the 2025 Forbes Billionaires list.

Many traders and analysts are closely monitoring addresses known to have belonged to Satoshi, and if one or more of the dormant wallets become active, it would create a massive market event. While many Satoshi-era wallets are shifting their bitcoins to newer, quantum-resistant addresses or to exchanges to be sold, the pseudonymous founder’s wallets remain dormant and the coins unspent.

Will Satoshi’s Bitcoins Ever be Moved?

Most of the bitcoins held in addresses associated with Satoshi Nakamoto have remained untouched since they were mined, and if they were to be moved, it would cause a major stir in the market. 

However, Bitcoin’s cryptography faces a serious threat from the continuously evolving quantum computing technology, with Satoshi-era wallets being the biggest victims as they are secured by traditional encryption methods, which many believe can be broken in the coming years. If quantum computers reach a level where they can crack the cryptographic keys securing Satoshi’s bitcoins, then it could result in the coins being returned to circulation.

Final Thoughts

The estimates we have on the total number of bitcoins owned by Satoshi Nakamoto, or their net worth, are based on speculation and expert analysis. We can’t know for certain whether these coins actually belonged to Satoshi without getting a clear view of which wallets they hold. 

Nevertheless, most experts unanimously agree that Satoshi is the largest Bitcoin whale among individuals and could very well become the world’s richest person if Bitcoin’s price cracks the coveted $1 million mark.

*At the time of writing, Bitcoin (BTC) was trading at $1,13,115.30