
Bitquery reconstructs Patoshi pattern, tracing up to 1.17M BTC to Bitcoin's earliest miner
- —Bitquery attributed 22,000–23,500 of the first 54,316 blocks to one miner, about 22%
- —The reconstruction matches public Patoshi address lists at 99.2%
- —As of September 1, 2026, 1,023,352 BTC tied to the pattern had never been spent
- —The last known movement of Patoshi-era coins was in December 2017
Why it matters: The coins represent about 5% of Bitcoin's capped supply, so any movement could significantly move the market.
Source: Crypto Briefing