Bitcoin creator Satoshi Nakamoto may now be richer than Dell CEO Michael Dell

Satoshi Nakamoto, the elusive founder of Bitcoin, may now be richer than Dell Technologies CEO Michael Dell, data from Arkham Intelligence and Forbes suggest.

With Bitcoin hovering around $118,000, the value of Satoshi Nakamoto’s estimated 1.1 million BTC now exceeds $129 billion, eclipsing the net worth of Dell founder Michael Dell, who sits at roughly $125 billion, according to Forbes’ real-time billionaire rankings.

Bitcoin set a new all-time high of $118,839 on Thursday, extending its rally after breaking through $112,000 just the day before. The asset is now up 26% year-to-date and has gained approximately 105% over the past year, per TradingView.

Bloomberg ETF analyst Eric Balchunas suggests Satoshi could become the world’s second-wealthiest person if Bitcoin maintains its 50% annual growth rate. The analyst stated in June that Satoshi’s holdings could exceed the wealth of Warren Buffett and Mark Zuckerberg if Bitcoin continues its historical growth trajectory.

Berkshire Hathaway CEO Warren Buffett’s net worth stands at approximately $143 billion, ranking seventh globally among billionaires, while Meta co-founder Mark Zuckerberg’s fortune of $251 billion places him third.

The exact amount of Bitcoin Satoshi held remains unknown, but researchers have identified specific mining patterns and address clusters that are believed to belong to the Bitcoin creator.

The coins, mined during Bitcoin’s early days, have lain dormant since Satoshi disappeared from public view around 2010, representing roughly 5% of all Bitcoin in existence.