Bloomberg Analyst: BlackRock's Bitcoin Holdings Surge, 38% Away from Surpassing Satoshi Nakamoto

On July 8th, Bloomberg's Senior ETF Analyst Eric Balchunas posted on social media, indicating that BlackRock currently holds approximately 700,000 bitcoins and is only 38% away from surpassing Satoshi Nakamoto to become the world's largest single bitcoin holder. (If all bitcoin ETFs are regarded as a single entity managed by one, they have already exceeded Satoshi Nakamoto for a long time.) BlackRock's bitcoin spot ETF—IBIT is currently absorbing bitcoins at a rate of 40,000 per month (about 1,300 per day). At this rate, it is estimated that the holding will reach 1.2 million bitcoins by May 2026. This is a remarkable achievement for a product that has just been in existence for two years.