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In a historic moment for institutional crypto adoption, BlackRock, the world’s largest asset manager, has reportedly surpassed the legendary creator of Bitcoin—Satoshi Nakamoto—in total Bitcoin holdings, making it the largest known Bitcoin holder on the planet.
According to recent filings and blockchain analysis, BlackRock’s spot Bitcoin ETF (IBIT) now controls over 1.15 million BTC, edging past the estimated 1.1 million BTC long believed to be held by Satoshi Nakamoto in untouched wallets since Bitcoin’s early days.
“This marks a monumental shift in Bitcoin’s ownership landscape,” said crypto analyst James Lavine. “What was once the domain of cypherpunks and early adopters is now being led by one of the most powerful financial institutions in the world.”
From Wall Street to the Blockchain
BlackRock’s accumulation comes largely through its iShares Bitcoin Trust (IBIT), which launched in early 2024 and rapidly grew to dominate the spot Bitcoin ETF market. Massive inflows from both institutional and retail investors propelled the firm’s holdings beyond expectations.
CEO Larry Fink, once a Bitcoin skeptic, has now emerged as a vocal supporter of digital assets. In a recent interview, Fink stated:
“Bitcoin is an international asset that’s digitizing gold. We’re committed to offering secure, regulated exposure to it on behalf of our clients.”
Outpacing the Creator
Satoshi Nakamoto, the anonymous inventor of Bitcoin, mined around 1.1 million BTC in 2009 and 2010 but has never moved or spent any of those coins. The untouched status of Satoshi’s wallets has become part of Bitcoin lore—seen as a symbol of decentralization and the mysterious origins of the network.
Now, BlackRock’s overtaking of that mythical benchmark is being seen by many as a symbolic handover of Bitcoin from its anonymous roots to institutional finance.
Conclusion
As BlackRock continues to gain market share and influence in the Bitcoin ecosystem, the question remains: how will this shape Bitcoin’s future? With ETFs unlocking trillions in potential capital, Bitcoin may be entering a new chapter—one dominated not by pseudonymous coders, but by Wall Street giants.
