Recently, an anonymous user sent 26 bitcoins to the pseudonymous Bitcoin creator, Satoshi Nakamoto’s wallet, raising speculation about the purpose of transferring more than $1 million in digital assets.
Given that the current price of Bitcoin is $44,239, this equates to $1.15 million.
Satoshi Nakamoto holds the original Bitcoin wallet
According to data from blockchain.com, the transaction took place on January 6th. It was sent to the first wallet ever created on the Bitcoin network.
However, US attorney Jeremy Hogan speculated on X (formerly Twitter), that the move was in an attempt to force Satoshi Nakamoto to reveal his identity.
Recently implemented regulations by the Internal Revenue Services (IRS) in the United States mandate the reporting of any cryptocurrency transaction exceeding $10,000. This includes providing names and addresses within 15 days of receiving the transaction.
“Why?? The only thing that makes sense is that the sender is kicking Satoshi out. Under the new IRS rules, you have to report any cryptocurrency receipt over $10,000. So, Satoshi has to clean himself up, or break the law.”
Read more: Who owns the most Bitcoin in 2024?
Estimation of Satoshi Nakamoto’s Bitcoin holdings
According to many estimates, Nakamoto owns at least 1.1 million Bitcoin. BeInCrypto recently speculated what the value would be in 2025 in the event of a cryptocurrency bull run.
Community members expect the upcoming Bitcoin halving to start a new bull run for Bitcoin. However, there is speculation as to whether the halving might make Satoshi Nakamoto one of the richest men in the world.
In 2009, when Bitcoin was not known to the average person, Nakamoto, as the inventor of Bitcoin, was already mining his first coins. Although he stopped soon, he still had time to mine more than a million coins. The Arkham report states that Satoshi Nakamoto owns 1.1 million Bitcoin.
Read more: What is satoshi?
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