BlackRock Closing In on Bitcoin Ownership: Could it Become the Largest Holder?

BlackRock is rapidly approaching a milestone, potentially surpassing Satoshi Nakamoto as the world’s largest Bitcoin holder. This surge in ownership stems from institutional investment, fueled by surging Bitcoin prices and record inflows into Bitcoin ETFs. BlackRock’s holdings are already significant, reaching 57% of Satoshi Nakamoto’s total Bitcoin reserves, and if Bitcoin price reaches $150,000 this summer, BlackRock could amass even more coins. This could lead to a substantial shift in the Bitcoin landscape as advisors flock to participate in this unprecedented move.