His comments followed Arkham Intelligence’s move to track Nakamoto’s Bitcoin holdings. According to the analytics firm, Satoshi’s known wallets contain over 1.09 million BTC, worth around $107 billion. These coins are spread across more than 22,000 addresses, including the only ones known to have spent Bitcoin in the past. Arkham linked these addresses through the Patoshi Pattern, an early mining signature believed to be connected to Nakamoto.
Grogan analyzed these wallets and shared his findings on X (formerly Twitter). While he acknowledged the data isn’t definitive, the evidence strongly suggests these addresses belong to Bitcoin’s creator. He noted that Nakamoto last moved Bitcoin on-chain in 2014.
His research uncovered 24 outbound transactions from these wallets, with a key recipient being the 1PYYj address. This wallet reportedly received BTC from Cavirtex, a now-defunct Canadian exchange. Kraken acquired Cavirtex in 2016, leading Grogan to suggest Kraken’s CEO Jesse Powell may hold information on Nakamoto’s identity if any Know Your Customer (KYC) records exist.
Adding to the intrigue, the 1PYYj address appears linked to another major Bitcoin wallet holding over $3 billion in BTC. This raises the possibility that Nakamoto or an early Bitcoin adopter controlled it. Kraken later posted a cryptic tweet, fueling further speculation.
The mystery of Satoshi Nakamoto continues, with more questions than answers.
