Bitcoin (BTC) creator Satoshi Nakamoto is estimated to hold about 1.09 million BTC, worth more than $84.2 billion at current prices, the tally showed.

The Crypto Basic, a blockchain media outlet, reported on Monday that the amount equals about 5.47 percent of bitcoin’s circulating supply of 20.03 million BTC.

The key point is that Satoshi’s wallets remain a potential market variable. Blockchain analysts believe Satoshi accumulated a large amount of bitcoin early in the network based on early mining patterns. Researcher Sergio Demian Lerner found an abnormal mining flow in early block creation and named it the “Patoshi pattern.” Onchain analytics firm Arkham later put Satoshi’s estimated holdings at 1,096,361 BTC.

As bitcoin’s price has risen, the notional size of the holdings has also grown. Assuming a bitcoin price of around $76,800 as of May 2026, the value of Satoshi’s holdings is calculated at about $84.26 billion. When bitcoin hit a record high of $126,198 last year, the valuation swelled to about $138.35 billion, or around 208.56 trillion won.

Still, the wallets have not shown moves that would affect the market recently. Arkham assessed that Satoshi’s last confirmed outflow was 16 years ago. Some transactions at the time included sending 32.51 BTC to bitcoin developer Mike Hearn. Since then, the wallets have remained dormant, and while small amounts of bitcoin still flow in, no additional outflows have been confirmed.

In his last message to developer Mike Hearn in 2011, Satoshi said, “I am busy with other things.” Since then, various names including Hal Finney, Nick Szabo and Craig Wright have been mentioned in connection with his identity, but there have been no proven cases.

Market participants watch Satoshi’s wallets closely because the amount is large. Satoshi’s estimated holdings exceed 5 percent even against bitcoin’s maximum issuance of 21 million. If the amount moves to exchanges at once, worries could grow that billions of dollars worth of bitcoin could hit the market. Others also say that as bitcoin liquidity and institutional adoption have increased compared with the past, the market could absorb large sell orders over time.

Claims that Satoshi is selling bitcoin have been raised repeatedly, but none has been confirmed. Brando, known as an Ethereum supporter, claimed Satoshi sold 10,000 BTC, but many analysts viewed it as inaccurate. The prevailing view is that there is still no verified evidence that Satoshi has sold bitcoin.

On security, quantum computers are emerging as a new variable. Some early bitcoin addresses expose public keys directly on the blockchain, prompting criticism that they may be more vulnerable to quantum attacks than newer address formats. Google also assessed that sufficiently advanced quantum computers could neutralise some cryptographic systems in the future.

Glassnode estimated that 6.04 million BTC, about 30 percent of bitcoin supply, could face a certain level of quantum exposure risk. It assessed that 13.99 million BTC, or 69.8 percent, is protected under a stronger address structure. Bitcoin developers are discussing a possible transition to quantum-resistant cryptography, including proposals such as BIP-360 and BIP-361.

Ultimately, Satoshi’s wallets continue to draw attention for two reasons. One is the potential impact on market supply and demand of more than 1 million BTC that has not moved for more than a decade, and the other is the security issue inherent in early address structures. So far the wallets have remained effectively inactive, but the existence of the holdings itself remains a variable that shows both the scarcity and the risk in the bitcoin market.

Satoshi has not sold any Bitcoin, ever. The last transfer out of his wallets was 16 years ago. He is the best performing individual in crypto with a profit of $86 BILLION USD. He is the 22nd richest person in the world, and has never sold a single coin. If in doubt - check… https://t.co/6ZTKSouoDE pic.twitter.com/0fiabZoi13