<h2>1.125 MILLION BTC ESTIMATED AS SATOSHI'S STASH</h2>
<h2>is this a giant threat overhand to bitcoin?</h2>
Whoever Satoshi really is - if he (or CIA or NSA as some theorize) has control of that many coins - then is that not a huge threat to Bitcoin?
<h2><a href="https://www.coindesk.com/whale-alert-identifies-1-125-million-btc-as-satoshis-stash">Whale Alert Identifies 1.125 Million BTC as Satoshi’s Stash</a></h2>
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<h3><strong>Whale Alert Identifies 1.125 Million BTC as Satoshi’s Stash</strong></h3>
<picture><source srcset="https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-710x458.jpg?format=webp 710w" type="image/webp" media="(min-width: 415px)" sizes="(min-width: 415px) 710px" /><source srcset="https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-710x458.jpg?format=jp2 710w" type="image/jp2" media="(min-width: 415px)" sizes="(min-width: 415px) 710px" /><source srcset="https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-710x458.jpg 710w" media="(min-width: 415px)" sizes="(min-width: 415px) 710px" /><source srcset="https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-1035x666.jpg?format=webp 1035w, https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-690x444.jpg?format=webp 690w, https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-345x222.jpg?format=webp 345w" type="image/webp" media="(max-width: 414px)" sizes="(max-width: 414px) 345px" /><source srcset="https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-1035x666.jpg?format=jp2 1035w, https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-690x444.jpg?format=jp2 690w, https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-345x222.jpg?format=jp2 345w" type="image/jp2" media="(max-width: 414px)" sizes="(max-width: 414px) 345px" /><source srcset="https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-1035x666.jpg 1035w, https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-690x444.jpg 690w, https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-345x222.jpg 345w" media="(max-width: 414px)" sizes="(max-width: 414px) 345px" /><img src="https://static.coindesk.com/wp-content/uploads/2020/07/Patoshi-Patterns-710x458.jpg" alt="1.125 MILLION BTC ESTIMATED AS SATOSHI'S STASH" width="710" height="458" /></picture>

(Whale Alert)

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<h5>William Foxley</h5>
</section><time datetime="2020-07-20T17:24:00">Jul 20, 2020 at 10:24 a.m. MST</time><time datetime="2020-12-14T17:14:01">Updated Dec 14, 2020 at 10:14 a.m. MST</time>

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<h3>Whale Alert Identifies 1.125 Million BTC as Satoshi’s Stash</h3>
<section><section>New on-chain analysis from Whale Alert says Bitcoin’s anonymous creator Satoshi Nakamoto mined an estimated 1,125,150 <a href="https://qa.coindesk.com/price/bitcoin" target="_blank" rel="noopener noreferrer">BTC</a>, now worth an estimated $10.9 billion. In a <a href="https://medium.com/@whale_alert/the-satoshi-fortune-e49cf73f9a9b?sk=0a512ed3f78b286ba57e9c75b0c0860a" target="_blank" rel="noopener noreferrer">Medium post</a>, researchers describe how Satoshi continued mining with the same rig until at least May 2010.
<ul>
 	<li>Whale Alert based its <a href="https://medium.com/@whale_alert/e49cf73f9a9b" target="_blank" rel="noopener noreferrer">findings</a> on Sergio Demian Lerner’s 2013 “extra nonce” technique which <a href="https://bitslog.com/2013/04/17/the-well-deserved-fortune-of-satoshi-nakamoto/" target="_blank" rel="noopener noreferrer">claimed</a> Satoshi’s stash to be at some 1 million BTC. (Lerner referred to the possible Satoshi mining as the “Patoshi” pattern).</li>
 	<li>Researchers identified a set of nonce patterns more specific to the Patoshi set which helped further isolate possible Satoshi-mined blocks.</li>
 	<li>22,503 of the first 54,316 blocks were mined by Satoshi under the new method, Whale Alert says.</li>
 	<li>Satoshi maintained a constant mining scheme while the network was growing to protect it from 51% attacks, researchers suggest.</li>
 	<li>The reliability of assuming nonce patterns are specific to certain mining rigs was called into scrutiny by <a href="https://blog.bitmex.com/satoshis-1-million-bitcoin/" target="_blank" rel="noopener noreferrer">BitMEX Research</a> in 2018. They estimated Satoshi’s haul to be around 700,000 BTC.</li>
</ul>
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<h3><em><strong>1.125 MILLION BTC ESTIMATED AS SATOSHI'S STASH</strong></em></h3>
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