Did Satoshi Nakamoto Sell 10,000 Bitcoins For $800 Million? Here is the Truth
A viral post on social media site X recently claimed that Satoshi Nakamoto, the anonymous creator of Bitcoin, recently sold 10,000 BTC. An attached screenshot purportedly shows on-chain data that supports the claim, and the rumor quickly gained attention on social media.
The benefits of such a sale are huge because Nakamoto’s stash can be traced back to the early days of Bitcoin mining. However, a closer look at the blockchain records tells a very different story.
Investigating Bitcoin Sales Rumors by Satoshi Nakamoto
According to in the post on X via a crypto account with the username Discover, Satoshi Nakamoto recently transferred 10,000 BTC to his long-term wallet. The report suggests that more than $760 million worth of Bitcoin was sold by its creator, a move that could cause further damage to its already volatile price action and trading. with bearish momentum present.
The image shared with the rumor appears to have been taken from Arkham Intelligence, a popular on-chain analysis platform. The screenshot, shown below, highlights the withdrawal of 10,000 BTC to the account ‘bc1qcj,’ with the last transfer being 12 years ago.
However, the records in this screenshot do not correspond to the actual Bitcoin transaction ledger. A closer examination of on-chain transactions in Arkham Intelligence it shows that there is no evidence of one transfer of 10,000 BTC attributed to at least one known address linked to Nakamoto.
The actual data does not show the outflow of Nakamoto funds for more than 12 years. Instead, small fractions of Bitcoin, almost negligible in the case of Satoshi’s stuff, have been flowing in. These small movements are either dust or small transactions that occur as part of normal blockchain activity, the last being a transaction of 0.0000329 in the last six days.
Why Rumors?
Satoshi Nakamoto’s identity and actions have has always been a source of speculation among crypto investors. Nakamoto is the largest owner of Bitcoin, believed to have mined around one million Bitcoins in the early years of the network, but has been silent since April 2011.
So, any suggestion that those coins start moving suddenly is enough to grab the headlines and cause a reaction. That context may have contributed to why this post attracted enough views so quickly, even though the data was wrong. Data from Arkham Intelligence shows Nakamoto’s BTC wallet currently holds 1.096 million BTC, worth $84.3 billion.
Notably, the price of Bitcoin itself has been subject to significant fluctuations. Over the past few days, Bitcoin has fallen to levels close to the lows of this cycle, trading around the $70,000 range, near the lowest levels since April 2025. At the time of writing, Bitcoin is trading at $76,872, having recently reached an intraday low of $74,591, according to data from CoinGecko.
Featured image from Pngtree, chart from Tradingview.com
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