According to researchers at BTCparser, Nakamoto could be strategically selling portions of their Bitcoin holdings from 2010-era wallets, leaving their original 2009 holdings untouched to maintain anonymity.BTCparser’s analysis focuses on a set of wallet addresses, dubbed the "2010 megawhale," which remained dormant for nearly a decade. The first major movement from these wallets occurred in late 2019, when $5 million worth of Bitcoin was transferred. Since then, similar transactions have been observed, including sales in March and October 2020 valued at $6-13 million and a massive $176 million liquidation on November 15, 2024.The research highlights how these transactions appear meticulously planned, leveraging Bitcoin’s increasing value to optimize timing. The funds are pooled into a single P2SH (Pay-to-Script-Hash) address before being dispersed to multiple bech32 addresses. This technique reduces transaction fees and increases efficiency, adding to the speculation that the person or entity behind these movements has deep knowledge of Bitcoin’s ecosystem.BTCparser speculates that some of these transactions may have passed through Coinbase, suggesting that the popular cryptocurrency exchange could potentially hold information about the individual or group responsible.The Satoshi Mystery Deepens
BTCparser theorizes that avoiding activity from the original 2009 wallets—a set widely believed to belong to Nakamoto—serves as a deliberate move to prevent scrutiny. By using later-minted coins, Nakamoto could be distancing themselves from the $95 billion fortune tied to the early Bitcoin addresses, which would rank them among the world’s richest individuals.The identity of Satoshi Nakamoto has fueled intense debate for over a decade. Notable figures like Nick Szabo, Adam Back, and Hal Finney have been floated as potential candidates, though all have denied involvement.Adding to the intrigue, a controversial October documentary, Money Electric: The Bitcoin Mystery, suggested that developer Peter Todd could be Nakamoto. Despite Todd’s emphatic denials, the claim led to safety concerns, with Wired reporting that Todd has gone into hiding due to threats and demands from individuals believing he controls Nakamoto’s immense Bitcoin reserves.BTCparser’s findings deepen the enigma, raising the possibility that Nakamoto—or someone closely tied to Bitcoin’s early days—remains an active participant in the cryptocurrency market, navigating its complexities while safeguarding their identity.
BTCparser theorizes that avoiding activity from the original 2009 wallets—a set widely believed to belong to Nakamoto—serves as a deliberate move to prevent scrutiny. By using later-minted coins, Nakamoto could be distancing themselves from the $95 billion fortune tied to the early Bitcoin addresses, which would rank them among the world’s richest individuals.The identity of Satoshi Nakamoto has fueled intense debate for over a decade. Notable figures like Nick Szabo, Adam Back, and Hal Finney have been floated as potential candidates, though all have denied involvement.Adding to the intrigue, a controversial October documentary, Money Electric: The Bitcoin Mystery, suggested that developer Peter Todd could be Nakamoto. Despite Todd’s emphatic denials, the claim led to safety concerns, with Wired reporting that Todd has gone into hiding due to threats and demands from individuals believing he controls Nakamoto’s immense Bitcoin reserves.BTCparser’s findings deepen the enigma, raising the possibility that Nakamoto—or someone closely tied to Bitcoin’s early days—remains an active participant in the cryptocurrency market, navigating its complexities while safeguarding their identity.
