Bloomberg Analyst: BlackRock's Bitcoin Holdings Surge, 38% Away from Surpassing Satoshi Nakamoto

July 8th, Bloomberg's Senior ETF Analyst Eric Balchunas posted on social media, stating that BlackRock currently holds nearly 700,000 bitcoins, only 38% away from surpassing Satoshi Nakamoto to become the world's single largest bitcoin holder. (If all bitcoin ETFs are considered as a single entity managed by one, they have already exceeded Satoshi Nakamoto long ago).

BlackRock's bitcoin spot ETF—IBIT, is currently absorbing bitcoins at a rate of 40,000 per month (approximately 1,300 per day). At this pace, it is estimated that the holding will reach 1.2 million bitcoins by May 2026—a remarkably impressive performance for a product that has just turned two years old.