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Blockchain

Satoshi Nakamoto Becomes 11th Richest Person, Holding $120B+ in Bitcoin and Over 5% of Total Supply

Satoshi Nakamoto, the mysterious creator of Bitcoin, has now become the 11th richest individual globally, with an estimated $120 billion in Bitcoin holdings. His stash of 1.96 million BTC, untouched since he disappeared from the public eye in 2011, accounts for around 5.2% of Bitcoin’s total supply. This positions him ahead of Microsoft CEO Satya Nadella and just behind Google co-founder Sergey Brin.

The recent rally in Bitcoin’s price—peaking near $112,000—has been a key driver in elevating Nakamoto’s net worth. This surge is fueled by rising institutional adoption, such as the introduction of a spot Bitcoin ETF and strategic investments like Semler Scientific’s $50 million purchase of 455 BTC.

As Bitcoin increasingly gains recognition as a long-term asset, similar to “digital gold,” interest in Nakamoto’s dormant wallets remains high. Any movement of these coins could cause significant market reactions, given his influence and the mystery surrounding his identity, which continues to be speculated—pointing to figures like Hal Finney or Nick Szabo.

Currently, Bitcoin is trading at around $108,816, marking a slight 0.34% dip.

by Cointelegraph

United States-based Bitcoin mining company TeraWulf nearly doubled its third-quarter revenue this year thanks to price growth in Bitcoin, as well as an expansion in mining capacity and new income from its AI business. Revenue for the third quarter increased 87% year-over-year to $50.6 million, with “digital asset revenue” making up $43.4 million, according to TeraWulf’s Q3 earnings report on Monday. In Q1, the company had reported a net loss, and in Q2, the miner’s revenue increased 34% year-over-year to $47.6 million.  “These increases were… Source link

by Tech In Asia

After the announcement, Iren raised its 2026 annual recurring revenue guidance from US$500 million to US$3.4 billion. Source link

by Tech In Asia

The company reported Q3 net profit of US$56.8 million, up from US$38.5 million a year earlier. Source link