How Much Are the Satoshi Nakamoto Bitcoins Worth Now?

Bitcoin tokens worth billions of dollars are in possession of its creator, Satoshi Nakamoto, whose real identity remains unknown.

By Radhika Parashar | Updated: 27 October 2021 14:42 IST

How Much Are the Satoshi Nakamoto Bitcoins Worth Now?

Photo Credit: Unsplash

Bitcoin is trading at $63,925 (roughly Rs. 48 lakh) currently

Highlights

Satoshi Nakamoto created Bitcoin in 2009
His Bitcoin holdings are estimated over $60 billion (roughly Rs. 450 cror
Bitcoin held by Nakamoto remain unspent

Satoshi Nakamoto is the pseudonym of the creator of Bitcoin, who remains unknown to this date. At the time Nakamoto minted the first Bitcoin in 2009, it wasn't clear whether the cryptocurrency could ever be worth anything. However, 13 years later, the tokens held by Nakamoto remain unspent, and are now worth billions of dollars as Bitcoin has reached new highs It is still unclear if this massive wealth will ever be claimed. Let's look at how much the Nakamoto tokens are worth today.

As per a report by Whale Alert, Nakamoto mined a total of BTC 1,125,150 tokens after having created the Bitcoin, which is currently the most valued cryptocurrency in the world. As of Wednesday, October 27, Bitcoin was trading at $63,925 (roughly Rs. 48 lakh) per token. This means that the total value of the tokens today would be over $66 billion (roughly Rs. 4,96,814 crore).

Despite Bitcoin's rising global adoption and popularity, details on Nakamoto's identity as well as whereabouts remain an unsolved mystery. It is also unclear for now if Satoshi Nakamoto is one person or a bunch pf people responsible for the creation of the Bitcoin.

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The Bitcoins held by Nakamoto are unspent as of now.

In 2011, the Bitcoin creator bid an abrupt farewell to the crypto space declaring a move to “other things.”

Earlier in October, PayPal co-founder Peter Thiel said he unknowingly may have met Satoshi Nakamoto in the year 2000.

As per Thiel, around 21 years ago he met a group of around 200 people who wished to promote a new currency system with the capability of challenging the monopoly of central banks. The billionaire believes Nakamoto could have been in that group.

In September 2021, the first and only statue of Satoshi Nakamoto was unveiled in Budapest. While the facial features of this bronze statue are not well-defined, the figure sports a hoodie.

Front of #StatueOfSatoshi pic.twitter.com/LvlDmtio1c
— Disclose.tv (@disclosetv) September 16, 2021

Meanwhile, the crypto-space expanding globally.

Recently, the market capitalisation of all the cryptocurrencies put together has crossed a milestone of $2.5 trillion (roughly Rs. 1,87,42,625 crore), according to cryptocurrency tracker CoinMarketCap.

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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Further reading: Bitcoin, Satoshi Nakamoto, Cryptocurrency

Radhika Parashar

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Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More