The fortune of the anonymous creator of Bitcoin, known as Satoshi Nakamoto, has shrunk by $40 billion, according to analysts at Arkham on November 24. Just over a month ago, his assets were estimated at $135 billion, which would have placed him 12th in the Forbes billionaire rankings. He would now rank 20th on the list of the richest people. Changes in Satoshi's valuation occurred against the backdrop of the Bitcoin price correction (BTC) from its peak of $126.2 thousand in early October to $87 thousand on November 24 at 12:00 Moscow time, which represents a drop of over 30%. On November 21, BTC quotes reached $80,600, which is the lowest level in seven months. The decline since the beginning of November has exceeded 20%, which could lead to the worst month in terms of dynamics since mid-2022. There is no reliable information on how many coins belong to the creator of Bitcoin. Arkham reflects 1.1 million BTC — this figure is based on the work of researcher Sergio Demian Lerner, who found a probable "trace" in Satoshi's transactions, called Patoshi (Patoshi Pattern). Patoshi is a distinctive feature of mined blocks in Bitcoin during its early years of operation, presumably arising from the possible use of specialized mining software. Based on this marker, Lerner estimated the number of bitcoins that could have been mined by Satoshi. Although the amount of 1.1 million BTC ($95 billion ) is impressive, these bitcoins were created through mining on regular computers, as there was no specialized equipment at that time — any of the early users could obtain dozens, hundreds, or even thousands of bitcoins while sitting at a laptop. And since there were almost no other participants in the network, Satoshi could acquire hundreds of thousands of bitcoins due to the ease of their mining at that time.
For example, in the early years of the network, 1.1 million BTC could be obtained in about six months of mining under ideal conditions, calculating 300 BTC per hour. Now, less than 20 BTC is mined in the same time. As of today, there are less than 1.1 million coins left to be mined in the Bitcoin network. By mid-November 2025, miners will have mined 95% of all bitcoins that will ever be in circulation. This is about 19.95 million out of 21 million, but the rate of creation of new coins has significantly decreased. This is related to the fact that the mechanism for the emergence of new bitcoins is based on the gradual reduction of emissions (halving). For example, the milestone of 94% of all created bitcoin coins was reached in mid-2024, while 90% was reached at the end of 2021. The threshold of 80% of bitcoin coins was crossed in early 2018, 70% at the end of 2016, 60% in early 2014, and 50% at the end of 2012. There are many theories about who could have created the first cryptocurrency, but none of them have received conclusive evidence so far. For example, the creators of the documentary Money Electric: The Bitcoin Mystery, which aired in October 2024 on the American channel HBO, named the alleged creator of Bitcoin as developer Peter Todd. Other popular contenders include Hal Finney, Nick Szabo, and Adam Back. All of them deny being Satoshi. Another common theory is that Bitcoin was developed by the CIA. However, there is no evidence of ownership of bitcoins by Satoshi Nakamoto, just as there is no clear and understandable methodology for calculation. Despite high estimates of the "Satoshi portfolio" from Arkham and other analysts, experts warn of potential errors in the published data. The author of the Telegram channel GFiS Channel, Taisia Romanova, reminded that most conclusions are speculative and unproven, and presenting them as established facts is, in most cases, a marketing tactic to attract attention. Questions also arise regarding the security of access to these bitcoins, which is done through ownership of the so-called private key. And if for some reason the owner loses access to it, the bitcoins will be irretrievably lost. A striking example of such a loss is British engineer James Howell, who mined bitcoin since 2009 and managed to accumulate around 8,000 BTC ( almost $700 million ). Howell claims that he threw away the hard drive with the keys to his wallet in 2013. His story became known due to his active searches for the drive in local landfills, which have so far been unsuccessful, according to his own words.
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The fortune of the anonymous creator of Bitcoin, known as Satoshi Nakamoto, has shrunk by $40 billion, according to analysts at Arkham on November 24. Just over a month ago, his assets were estimated at $135 billion, which would have placed him 12th in the Forbes billionaire rankings. He would now rank 20th on the list of the richest people.
Changes in Satoshi's valuation occurred against the backdrop of the Bitcoin price correction (BTC) from its peak of $126.2 thousand in early October to $87 thousand on November 24 at 12:00 Moscow time, which represents a drop of over 30%.
On November 21, BTC quotes reached $80,600, which is the lowest level in seven months. The decline since the beginning of November has exceeded 20%, which could lead to the worst month in terms of dynamics since mid-2022.
There is no reliable information on how many coins belong to the creator of Bitcoin. Arkham reflects 1.1 million BTC — this figure is based on the work of researcher Sergio Demian Lerner, who found a probable "trace" in Satoshi's transactions, called Patoshi (Patoshi Pattern).
Patoshi is a distinctive feature of mined blocks in Bitcoin during its early years of operation, presumably arising from the possible use of specialized mining software. Based on this marker, Lerner estimated the number of bitcoins that could have been mined by Satoshi.
Although the amount of 1.1 million BTC ($95 billion ) is impressive, these bitcoins were created through mining on regular computers, as there was no specialized equipment at that time — any of the early users could obtain dozens, hundreds, or even thousands of bitcoins while sitting at a laptop. And since there were almost no other participants in the network, Satoshi could acquire hundreds of thousands of bitcoins due to the ease of their mining at that time.
For example, in the early years of the network, 1.1 million BTC could be obtained in about six months of mining under ideal conditions, calculating 300 BTC per hour. Now, less than 20 BTC is mined in the same time.
As of today, there are less than 1.1 million coins left to be mined in the Bitcoin network. By mid-November 2025, miners will have mined 95% of all bitcoins that will ever be in circulation. This is about 19.95 million out of 21 million, but the rate of creation of new coins has significantly decreased.
This is related to the fact that the mechanism for the emergence of new bitcoins is based on the gradual reduction of emissions (halving). For example, the milestone of 94% of all created bitcoin coins was reached in mid-2024, while 90% was reached at the end of 2021. The threshold of 80% of bitcoin coins was crossed in early 2018, 70% at the end of 2016, 60% in early 2014, and 50% at the end of 2012.
There are many theories about who could have created the first cryptocurrency, but none of them have received conclusive evidence so far. For example, the creators of the documentary Money Electric: The Bitcoin Mystery, which aired in October 2024 on the American channel HBO, named the alleged creator of Bitcoin as developer Peter Todd. Other popular contenders include Hal Finney, Nick Szabo, and Adam Back. All of them deny being Satoshi. Another common theory is that Bitcoin was developed by the CIA.
However, there is no evidence of ownership of bitcoins by Satoshi Nakamoto, just as there is no clear and understandable methodology for calculation. Despite high estimates of the "Satoshi portfolio" from Arkham and other analysts, experts warn of potential errors in the published data. The author of the Telegram channel GFiS Channel, Taisia Romanova, reminded that most conclusions are speculative and unproven, and presenting them as established facts is, in most cases, a marketing tactic to attract attention.
Questions also arise regarding the security of access to these bitcoins, which is done through ownership of the so-called private key. And if for some reason the owner loses access to it, the bitcoins will be irretrievably lost.
A striking example of such a loss is British engineer James Howell, who mined bitcoin since 2009 and managed to accumulate around 8,000 BTC ( almost $700 million ). Howell claims that he threw away the hard drive with the keys to his wallet in 2013. His story became known due to his active searches for the drive in local landfills, which have so far been unsuccessful, according to his own words.