BlackRock Approaching Satoshi Nakamoto in Bitcoin Holdings

BlackRock has climbed to near the top of the Bitcoin ownership ranks, surpassing long-time players like Strategy and Binance. With over 621,000 BTC under its management, BlackRock now sits just below Satoshi Nakamoto’s estimated holdings, further indicating the increasing influence of institutions in the cryptocurrency market. Its iShares Bitcoin Trust (IBIT) debuted in January 2024 and has rapidly established itself as a key vehicle for institutional BTC exposure.