Bitquery Unveils Satoshi's Secret: 1.17 Million BTC Mined, Largely Untouched Since 2010

September 22, 2026
Bitquery Unveils Satoshi's Secret: 1.17 Million BTC Mined, Largely Untouched Since 2010
  • A Bitquery audit as of September 1, 2026 shows that roughly 99.86% of Satoshi-era BTC has never moved.

  • The audit estimates Satoshi Nakamoto may hold between 0.89 million and 1.17 million BTC, with more than 1.02 million BTC remaining unmoved.

  • Patoshi-linked BTC that has never moved totals about 1,023,352 as of September 2026, with surrounding estimates of roughly 1.096 million BTC in Patoshi-related dormant addresses.

  • Patoshi derives from a privacy flaw in early Bitcoin software that exposed distinctive nonce sequences in coinbase transactions.

  • Analysis of the first 54,316 blocks attributes about 22% to a single entity, suggesting use of custom mining software by that miner.

  • Bitquery underscores their own verification process, auditing each coin down to the satoshi rather than relying on earlier papers.

  • There is no cryptographic proof tying Patoshi addresses to Satoshi; the association remains circumstantial but strongly corroborated by multiple analyses.

  • In broader market context, the report notes market activity where most major cryptocurrencies rose, providing color with moves like a Zcash price surge.

  • Patoshi mining began at Bitcoin’s block zero in early 2009 and ended around block 54,000 in mid-2010, aligning with a dip in Satoshi’s public activity.

  • The resilience of the Bitcoin network and its ongoing function are viewed as more consequential than Satoshi’s movements, highlighting the protocol’s strength.

  • Bitquery’s reconstruction estimates Satoshi mined about 1.17 million BTC, the largest figure to date.

  • Patoshi coins account for roughly 5% of all BTC that will ever exist, against Bitcoin’s total supply of 21 million.

Summary based on 3 sources


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