• BlackRock’s IBIT now holds over 500,000 BTC ($105,882.00), becoming the third-largest Bitcoin holder globally.
• Spot Bitcoin ETFs near Satoshi’s 1.1M BTC holdings, reshaping institutional dominance in crypto.

BlackRock’s iShares Bitcoin [BTC] ETF (IBIT) has emerged as a dominant force in the cryptocurrency market, now holding over 500,000 BTC and securing its position as the third-largest Bitcoin holder globally.

Is BlackRock’s Bitcoin ETF ready to surpass Satoshi Nakamoto’s holdings?

With holdings valued at approximately $48 billion, BlackRock has acquired 2.38% of Bitcoin’s total supply in just 233 trading days since IBIT’s launch.

By offering an exchange-traded product (ETP), BlackRock has provided investors with streamlined access to BTC, bypassing the complexities of direct ownership and reinforcing its commitment to advancing institutional Bitcoin adoption.

As expected, Satoshi Nakamoto, the elusive creator of Bitcoin, remains the largest individual holder of the cryptocurrency, with an impressive 1.096 million BTC—equating to 5.22% of Bitcoin’s capped supply.

However, the dominance of Nakamoto’s holdings faces potential disruption as U.S. spot Bitcoin ETFs continue their rapid accumulation.

These funds, which already surpassed M...