New Research Uncovers Satoshi’s Bitcoin Holdings

Crypto analytics firm Arkham Intelligence has identified additional Bitcoin addresses potentially linked to Nakamoto. On February 5, Grogan stated in an X post that these discoveries could make Satoshi wealthier than Gates:

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“This research points to Satoshi owning 1.096M BTC, worth $108B, making them wealthier on paper than Bill Gates.”

According to Forbes rankings, former Microsoft CEO Bill Gates’ net worth is approximately $106 billion. If these findings about Nakamoto’s holdings are accurate, Satoshi would become the 16th richest person in the world, surpassing Gates.

Can Kraken Reveal Satoshi Nakamoto’s Identity?

The research suggests that the centralized crypto exchange (CEX) Kraken may possess data related to Satoshi Nakamoto’s identity. Nakamoto’s last known CEX transactions reportedly occurred in 2014 through Cavirtex, a Canadian exchange acquired by Kraken in 2016.

Conor Grogan pointed out that Kraken might have historical records that could provide clues about Nakamoto’s true identity:

“Cavirtex was purchased by Kraken in 2016. If this exchange retained any KYC (Know Your Customer) data, Kraken CEO Jesse Powell may have information on Satoshi’s true identity.”

Grogan also advised Kraken to delete any such data to maintain user privacy.

Did Cavirtex Lack KYC Requirements?

Despite speculation that Kraken could uncover Nakamoto’s identity, Cavirtex’s KYC policies may not have been stringent enough to hold such information.

• Until 2014, many crypto exchanges did not require users to verify their identities.
• Kraken introduced KYC verification in 2014, but it only became mandatory for all users in 2017-2018.
• There are no records confirming that Cavirtex enforced KYC procedures before its acquisition by Kraken in 2016.

Kraken has yet to make an official statement regarding whether any records related to Nakamoto’s identity exist.

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The steep decline in US stock markets, which saw nearly $2 trillion evaporate in a day, has had a significant impact on the wealth of billionaires. Other notable losses include those of Nvidia CEO Jensen Huang and Meta CEO Mark Zuckerberg.

The “Magnificent Seven” tech giants, including Amazon, Apple, Meta, Alphabet, Microsoft, Nvidia, and Tesla, collectively lost over a trillion dollars, directly impacting the wealth of their founders and major shareholders.

According to Forbes, Amazon founder Jeff Bezos experienced the most substantial loss. His net worth declined by 5%, amounting to a staggering $8 billion. Bezos’s total net worth now stands at approximately $179 billion.

Jensen Huang, CEO of Nvidia, the fastest-growing company this year, suffered a loss of $7.9 billion. His net worth has dropped to $87 billion.

Elon Musk, the world’s richest person and owner of Tesla, SpaceX, and X, also felt the impact of the market downturn. Musk’s net worth decreased by $6 billion to $221 billion.

Other Billionaire Losses:

Mark Zuckerberg: $7 billion

Oracle co-founder Larry Ellison: $6 billion

Google co-founders Sergey Brin and Larry Page: $4 billion each

Microsoft founder Bill Gates: $4 billion

Investor Warren Buffett: $4 billion

Louis Vuitton’s Bernard Arnault (Europe’s richest): $4 billion

Indian industrialist Mukesh Ambani (Asia’s richest): $3 billion

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