Whale Alert, the popular Twitter account which sends out a tweet whenever a large amount of crypto moves, has conducted a study on the biggest crypto whale of all time: Satoshi Nakamoto.
Via studying the extranonce parameter, which is a parameter that incrementally increases as a specific mining rig finds blocks, Whale Alerts was able to figure out which blocks Satoshi mined.
The numbers are staggering. Whale Alerts concludes that Satoshi Nakamoto mined 1,125,150 Bitcoins (BTC), worth $10.5 billion. This makes Satoshi one of the richest people in the world, and if Bitcoin (BTC) does ultimately end up rising to the hundreds of thousands of dollars in the future, then it is possible that Satoshi could become the richest man in the world.
Further, for the first time the amount of Bitcoins (BTC) that Satoshi has spent has been estimated. Apparently Satoshi spent 907 Bitcoins (BTC), worth over $8 million today, but he spent them when they were worth far less.
Another interesting finding is that Satoshi shut off his rigs in May 2010 as soon as enough miners had joined the network. Basically, Satoshi mined from the launch of Bitcoin (BTC) in January 2009 through May 2010 just to ensure that the network was secure, and as soon as the network had enough miners to be self-sustaining he turned off his rigs.
Also, Satoshi was careful to keep his hash rate at 60% or less of the network total, to give other miners a chance to earn significant amounts of Bitcoin (BTC).
Overall, this study paints the clearest picture to date of Satoshi’s Bitcoin (BTC) holdings, and also confirms that Satoshi mined this huge stash of Bitcoins (BTC) to ensure that the network was secure, and as soon as the network was self-sustaining he didn’t try to mine anymore.