Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee because something quietly massive is happening in the background. BlackRock is closing in on a milestone that could rewrite Bitcoin (BTC) ownership history. With steady accumulation through its ETF (exchange-traded funds), the asset management titan is approaching Satoshi Nakamoto’s legendary wallet as the single largest holder of Bitcoin on the planet.
Crypto News of the Day: BlackRock is 62% Away from Surpassing Satoshi’s Bitcoin Stash
BlackRock’s spot Bitcoin ETF, IBIT, has reached a new milestone, accumulating 700,000 BTC.
Lauding this momentum, ETF analyst Eric Balchunas indicates that this puts the world’s largest asset manager within striking distance of overtaking Satoshi Nakamoto as the largest single holder of Bitcoin.
“BlackRock holds 700,000 BTC now, and is 62% of the way there to passing Satoshi as world’s largest single holder of bitcoin,” wrote Balchunas.
Satoshi’s estimated holdings stand at roughly 1.1 million BTC, untouched since Bitcoin’s inception. At its current clip, gobbling up 40,000 BTC per month, or about 1,300 BTC daily, IBIT is now 62% there.
If the pace holds, IBIT is on track to surpass Satoshi by May 2026, just two years after its launch. That fast growth makes IBIT the youngest member among the top 25 largest ETFs globally by assets under management, at only 1.4 years old.
Recently, Balchunas highlighted IBIT as BlackRock’s third-highest revenue-generating ETF o
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Author: Lockridge Okoth
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