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Can BlackRock Surpass Satoshi? IBIT’s Bitcoin Hoard Surges Past 700K

  • 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.

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