Galaxy Research said roughly 64.5% of Bitcoin’s early unspent 50 BTC block rewards may belong to Satoshi Nakamoto, putting the estimated holdings at about 1.096 million BTC. The note came as renewed attention fell on early-era wallets after Whale Alert tracked the activation of seven 50 BTC addresses that had been dormant for more than 16 years. Those movements brought fresh focus to coins mined in Bitcoin’s earliest period.
According to Galaxy Research, 10.5 million BTC had been issued before Bitcoin’s first halving, and 83.5% of the early block rewards have already been spent. The firm added that Satoshi stopped mining in May 2010. Based on that behavior, Galaxy Research said Satoshi appeared to be focused on helping secure the network in its early stage, and that the odds of the remaining holdings being spent are very low. The item was cited by Techub News, with U.Today named as the source.
Galaxy Research said about 64.5% of Bitcoin’s early unspent 50 BTC block rewards may belong to Satoshi Nakamoto, implying holdings of roughly 1.096 million BTC.
The estimate surfaced as attention returned to early Bitcoin wallets. Whale Alert said seven 50 BTC addresses that had been dormant for more than 16 years were recently activated, drawing market focus back to coins from Bitcoin’s earliest mining period.
Galaxy Research said 10.5 million BTC had been issued before Bitcoin’s first halving, and 83.5% of the early block rewards have already been spent. The firm also said Satoshi stopped mining in May 2010. Based on that pattern, Galaxy Research said Satoshi appeared to be focused on securing the network in its early days, and that the likelihood of the remaining holdings being spent is very low.
Techub News cited the development, naming U.Today as the source.
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