Satoshi Nakamoto Owns 22,000 Addresses

22,000 addresses believed to have belonged to Bitcoin’s elusive creator, Satoshi Nakamoto, have just been added to Arkham. The latest additions bring his estimated on-chain balance to 1.096M BTC, or just over $106B. These addresses were identified using a clustering pattern known as the Patoshi Pattern, which infers the identities of miners on the blockchain via a privacy flaw in the early Bitcoin clients.

Identifying and clustering these addresses is a significant milestone in blockchain analytics. Through applying methods like the Patoshi Pattern analysis, researchers can peel back layers of pseudonymity that were once thought to be impenetrable. This ability to trace the activity of early network users sheds new light on the early days of Bitcoin's history and provides a clearer picture of the creator's initial mining operations.

From the outbound transactions tied to these addresses, a popular recipient of his transfers was 1PYYj, which in 2014, received a small sum of Bitcoin from CaVirtEx, a Canadian crypto exchange which was then later acquired by Kraken in 2016. This connection could be the first known connection between Satoshi Nakamoto and a centralized exchange.

Other known addresses that were included under the “Satoshi Nakamoto” entity include addresses which he was known to have spent Bitcoin from as well as the addresses included in the emails between Satoshi Nakamoto and Hal Finney.

For years, the identity and holdings of Satoshi Nakamoto have been subjects of intense speculation within the crypto community. Consolidating these disparate pieces of information into a single trackable entity offers a more complete view of Satoshi's on-chain footprint. It moves beyond the large-scale Patoshi mining blocks to include the smaller, more personal transactions that have been publicly documented, creating a more complete and accessible record of the creator's interactions with the network they built.