Satoshi's Dormant Bitcoin Stash Estimated at $100B as 2010 Block Rewards Move

Dormant Coins Stir Again

On September 5, twelve block rewards mined in 2010 were transferred for the first time since their original mining, according to onchain data tracked by Bitcoin.com News. The movement adds fresh fuel to ongoing speculation about the whereabouts of Satoshi Nakamoto's estimated Bitcoin holdings.

The dormant coins, untouched for over a decade, are widely believed by researchers to belong to early miners or entities active during Bitcoin's infancy. While no direct link to Nakamoto has been confirmed, the scale of the movement — combined with historical patterns — keeps the question alive: is Satoshi finally moving coins?

Stash Valuation Climbs

With Bitcoin trading above $50,000, the estimated value of Satoshi's untouched stash has grown to roughly $100 billion, making it one of the largest dormant holdings in crypto. Researchers estimate Nakamoto mined over 1 million BTC in the network's early days, much of which remains unmoved.

Each time a large cache of old coins surfaces, markets watch closely. Past movements have preceded volatility, though analysts caution that not every dormant coin shift signals active selling pressure.

Market Reaction

Bitcoin rose 1.2% on the day, reaching $50,340, as traders weighed the implications of the transfer. Open interest on BTC futures ticked higher, while funding rates remained neutral across major exchanges.

The event underscores how sensitive the market remains to any hint of movement from early Bitcoin holders, even when attribution remains unverified.

Source: Bitcoin.com News