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Satoshi Nakamoto’s holdings fall by $4.9B over the past 24 hours, now at $118B

Crypto Briefing
Satoshi Nakamoto's estimated Bitcoin holdings decreased by $4.9 billion in 24 hours, settling at $118 billion due to market corrections.

Summary

The estimated Bitcoin holdings belonging to the pseudonymous creator of Bitcoin, Satoshi Nakamoto, have decreased by $4.9 billion over the last 24 hours, bringing the total value to $118 billion. This decline is attributed to recent corrections within the broader cryptocurrency market, underscoring the inherent volatility of crypto assets. Blockchain intelligence firms, such as Arkham Intelligence, continue to track the value of these dormant wallets, which have seen no recorded transactions since Bitcoin's early days. Despite the recent drop, Nakamoto's wealth remains substantial, placing them among the world's wealthiest individuals alongside figures like Mukesh Ambani, Michael Bloomberg, and Bill Gates.

(Source:Crypto Briefing)