BlackRock's IBIT Bitcoin ETF has amassed over 700,000 BTC in just 18 months, becoming the largest U.S. spot Bitcoin ETF and a significant Bitcoin accumulator.
IBIT has outpaced Bitcoin mining on strong-performing weeks, with inflows reaching 11,000 BTC compared to miners' 2,500-3,000 BTC per week.
IBIT now holds more BTC than companies like MicroStrategy and Tesla, with holdings exceeding three times the U.S. government's BTC reserves.
BlackRock's IBIT might soon surpass Satoshi Nakamoto's estimated 1 million BTC holdings, considering its current growth rate, posing a significant milestone in BTC ownership history.