- Coinbase exec links Satoshi to Canadian exchange Cavirtex, now Kraken.
- Grogan estimates Satoshi owns 1.1M BTC, worth over $100B today.
- Patoshi mining pattern provides strong evidence of Satoshi’s involvement.
Conor Grogan, head of product business operations at Coinbase, recently investigated Satoshi Nakamoto’s public wallets. His findings offer new clues about the identity of Bitcoin’s creator. Grogan used blockchain data to examine Satoshi’s activity and found some surprising details.
Grogan’s Key Findings on Satoshi
Grogan’s analysis revealed that Satoshi was last active on the blockchain in 2014. He also uncovered evidence suggesting that Satoshi used a Canadian Bitcoin exchange called Cavirtex. This exchange was later acquired by Kraken in 2016, and Grogan pointed out that Kraken may know more about Satoshi’s identity.
The findings also linked a significant Bitcoin wallet to Satoshi. According to Grogan’s assessment the wallet contains 1.1 million BTC with current worth exceeding $100 billion. The analysis of Satoshi’s transaction records showed how Bitcoin moved through multiple addresses from Satoshi’s initial wallet.
Linking Satoshi to Cavirtex and Kraken
One of Grogan’s key discoveries was a transaction from a Satoshi-linked wallet to Cavirtex. This was the first known interaction between Satoshi’s wallet and a centralized exchange. Grogan suggests that this might reveal an early connection between Bitcoin’s creator and the exchange. After Cavirtex was acquired by Kraken, it could be possible that Kraken holds important information about Satoshi.
Grogan found that this wallet also funded one of the largest Bitcoin addresses in existence, called 12ib. The address currently holds around $3 billion worth of BTC, further strengthening the theory that this wallet is linked to an early Bitcoin contributor or Satoshi Nakamoto.
The Patoshi Mining Pattern and Satoshi’s Activities
Grogan’s analysis relied on the Patoshi mining pattern. This unique mining pattern, found in Bitcoin’s early blocks, is thought to be linked to a single miner. Some researchers suggest that this miner may have been Satoshi Nakamoto. The pattern shows a consistent hashrate and a distinct structure in the ExtraNonce fields.
Grogan believes the Patoshi mining pattern supports the idea that Satoshi mined a large portion of Bitcoin in its early days. This mining pattern, along with the wallet transactions, provides further evidence pointing to Satoshi’s identity. However, while Grogan’s findings are compelling, they do not conclusively prove Satoshi Nakamoto identity.
