Nakamoto’s Bitcoin Holdings Surpass $129B, Outpace Ortega
Satoshi Nakamoto’s Bitcoin holdings have topped $129 billion after a $4 billion increase this week, surpassing Zara founder Amancio Ortega’s wealth. Bitcoin itself also hit an all-time high of $118,868, lifting its market cap above $2.34 trillion and overtaking silver to become the sixth-largest global asset.
Arkham Intelligence data shows Nakamoto mined 1.1 million BTC by 2010, accounting for over 5 percent of today’s circulating supply. Not a single coin has moved, underlining the scarcity of these Bitcoin holdings.
At the same time, institutional investors hold over 900,000 BTC in U.S. and European spot ETFs, nearly matching Nakamoto’s stash. Traders are monitoring dormant wallets closely, as a 10 percent sell-off could flood the market with $12 billion in new supply.
Without private keys, Nakamoto’s fortune is beyond regulators’ reach. This dormant supply is a key anchor for market stability amid growing Bitcoin adoption.
Bullish
The confirmation that Satoshi Nakamoto’s Bitcoin holdings have grown to over $129 billion and remain untouched reinforces Bitcoin’s scarcity narrative—an important bullish signal for traders. Coupled with Bitcoin’s record-high price and rising institutional adoption via spot ETFs holding over 900,000 BTC, market demand appears robust. In the short term, dormant wallets reduce the risk of sudden sell-offs, supporting price stability. Even a hypothetical 10 percent movement could flood the market with $12 billion in new supply, yet the coins stay locked away. Over the long term, this inaccessible supply underpins Bitcoin’s valuation and supports continued upside potential.