Bloomberg Analyst: BlackRock Now Holds Over 700,000 BTC, Just 38% Away from Surpassing Satoshi Nakamoto
According to ChainCatcher, Bloomberg ETF analyst Eric Balchunas posted on X that BlackRock currently holds over 700,000 bitcoins, just 38% away from surpassing Satoshi Nakamoto to become the world's single largest bitcoin holder. (If all bitcoin ETFs are considered as a single managing entity, they have already surpassed Satoshi Nakamoto.)
BlackRock's spot bitcoin ETF—IBIT—is currently absorbing bitcoin at a rate of 40,000 coins per month (about 1,300 per day), and is expected to reach a holding of 1.2 million bitcoins by May 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitwise survey: 32% of financial advisors will allocate crypto assets for clients in 2025
Data: 12 million EIGEN transferred from Eigenlayer to BitGo, worth approximately $4.8 million
Bitwise Research: 32% of Financial Advisors Allocate Crypto for Clients, 56% Advisors Personally Own Crypto
Trump "Jawboning" Fed Trims 2026 Rate Cut Expectations, Year-End No Cut Probability at 11.8%
Trending news
MoreCrypto prices
More
