The recent market crash that caused some cryptocurrencies to lose up to 99% of their value also dealt a significant hit to Satoshi’s wallets.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC), remains the network’s largest holder, with wallets linked to them sitting on more than $20 billion in unrealized losses since BTC hit an all-time high above $126,000 in early October.
Nakamoto’s Bitcoin stash contains over 1 million BTC, valued at over $117.5 billion at the time of writing, according to data from Arkham Intelligence.
The portfolio swelled to over $136 billion during Bitcoin’s rally to new all-time highs of over $126,000 during the first week of October.
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