As the crypto world tries to unravel the identity of BTC’s creator, Whale Alert, an advanced crypto tracker, analyzed and tracked blockchain transactions of the mysterious BTC founder known as Satoshi Nakamoto.
The research report revealed the most accurate number of blocks mined and bitcoins owned by Satoshi: 1,125,150 BTC mined up to block 54,316 with an estimated total value of the unspent BTCs of at least $10.9 billion USD in today’s market.
In addition to the size of his fortune, the report was also able to deduce the purpose of the Patoshi miner—to defend the young network from attacks.
It’s been a known fact in the crypto-world that Patoshi was operated by Satoshi Nakamoto, based on its pattern emerging at the very birth of the network, and it mined the block that created the BTCs sent to Hal Finney.
What you need to know about Satoshi Nakamoto: BTCs were created in 2008 by an unidentified individual or group using the name Satoshi Nakamoto in 2009. The source code was released as an open-source code, and the digital coin (BTC) is created as a reward for a process known as mining.
Quick fact: These findings however do not exclude the possibility that Satoshi was also running a miner using the publicly released software, if only for testing purposes, and it is believed that it is likely at least one of the non-Patoshi patterns belong to Satoshi as well.
Note: Whale alert’s research found that the following blocks have been mined and spent by Satoshi: 9, 286, 688, 877, 1760, 2459, 2485, 3479, 5326, 9443, 9925, 10645, 14450, 15625, 15817, 19093, 23014, 28593 and 29097.