Bitcoin’s steep pullback has erased an estimated $47 billion from the on-paper fortune of Bitcoin’s creator, Satoshi Nakamoto, whose holdings are now valued at about $90.7 billion, down from a peak near $137 billion in October. The drawdown reflects how concentrated early wallets remain highly sensitive to large price swings in the crypto market.
Against this backdrop, long-time holder Owen Gunden has fully exited his position, selling 11,000 BTC for roughly $1.3 billion. Gunden began accumulating Bitcoin in 2011, when the asset traded between $1 and $3. By late September 2025, Arkham data placed him as the third-largest known individual holder, behind Satoshi Nakamoto and Tron founder Justin Sun.
Market observers say the sale underlines how early adopters are increasingly locking in gains after more than a decade of appreciation. It also reinforces the scale of wealth created by Bitcoin’s first generation of investors, even after recent price declines.
