Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Arkham used the "Patoshi model" to associate 22,000 addresses with Satoshi Nakamoto, estimated to hold 1.096 million bitcoins, accounting for more than 5% of the total supply.
According to a report released by Arkham, Satoshi Nakamoto's Bitcoin wealth has exceeded the US$118 billion net worth announced by Bill Gates on the Forbes list. Blockchain intelligence company Arkham used the "Patoshi model" to link 22,000 addresses to Bitcoin founders, estimating that they hold approximately 1.096 million BTC. At the time of the report's release, the value of these positions exceeded $125 billion.
Patoshi model reveals early mining addresses
Arkham points out that the wallet associated with Satoshi Nakamoto never moved the bitcoins in it. This estimate covers approximately 1.096 million BTC, accounting for more than 5% of the Bitcoin supply in circulation. The Arkham Intel platform classifies these addresses as an entity.
Researchers used the "Patoshi Model" to identify addresses associated with early Bitcoin mining activities. According to Arkham, the method exploits a privacy vulnerability discovered in early Bitcoin clients. The company uses this model to associate these addresses with Satoshi Nakamoto.
Although the reported valuation fluctuates with the Bitcoin market price, when making comparisons, Arkham valued Satoshi Nakamoto's position at more than US$125 billion.
Gates has a more diversified wealth structure
According to Arkham's comparison, Forbes lists Bill Gates as worth $118 billion. Gates founded Microsoft and holds about 1.3 percent of the company. According to reports, Microsoft is valued at $3.88 trillion.
The company ranks as the second high-value company in the world, behind Nvidia. Gates 'wealth includes not only Microsoft shares, but also other assets. His investment company, Cascade Investments, holds shares in Berkshire Hathaway and invests in start-ups. In addition, Cascade also owns a large number of real estate assets. The Bill and Melinda Gates Foundation also holds significant assets in Gates 'broader wealth strategy. Arkham said Gates has donated more than $59 billion to the foundation.
These positions are very different from the concentrated Bitcoin wealth reported by Satoshi Nakamoto.
Satoshi Nakamoto's position remains unchanged, with huge potential market impact
Arkham described Satoshi Nakamoto's Bitcoin position as highly illiquid because the associated wallet has not yet been touched. The company also discussed the potential impact any future Bitcoin sales could have on the market. According to Arkham, a massive sell-off could put heavy pressure on Bitcoin prices.
The report states that the results will depend on the size and speed of any sales. Therefore, this comparison focuses on two different forms of wealth: Satoshi Nakamoto's estimated wealth comes from 1.096 million BTC across linked addresses; while Gates's reported wealth comes from Microsoft shares, investment positions, real estate, and fund-related assets. Based on the value of Bitcoin at the time of the report's release, Arkham's estimates show that Satoshi Nakamoto is more wealthy than Gates.
