Satoshi-Era Bitcoin Holdings Surge by $15 Billion as BTC Rally Stuns Market

Bitcoin, the first and largest cryptocurrency by market cap, is up nearly 22% in the last seven days after a major rally took it from a low of $62,679 on August 17 to a high of $81,265 on Tuesday.

Satoshi Nakamoto's Bitcoin stash has also increased in tandem with the price increase, adding as much as $15 billion.

Bitcoin's pseudonymous creator Satoshi Nakamoto is believed to have mined a substantial amount of Bitcoin in its early days. Satoshi Nakamoto holds about 1.096 million Bitcoin across roughly 22,000 addresses mapped by Arkham Intelligence, although the exact figure remains uncertain.

According to Arkham data, the current worth of these holdings is given as $85.82 billion at Bitcoin's current price of $78,280, up from an earlier figure of $71 billion before Bitcoin started rising and slightly down from yesterday's peak of $87 billion when Bitcoin surpassed $81,000.

The coins have remained untouched over the years, making Satoshi one of the largest potential individual Bitcoin holders.

Satoshi-era Bitcoin continues to move

Recent weeks have seen the awakening of long-dormant Bitcoin wallets, some dating back to the time the Bitcoin creator, Satoshi Nakamoto, was last active in the community.