As the esteemed Bloomberg analyst Eric Balchunas has observed, the Bitcoin exchange-traded fund (ETF) of the illustrious asset management behemoth BlackRock has made remarkable strides, now standing at a staggering 62% of the way to surpassing the enigmatic Satoshi Nakamoto as the preeminent holder of Bitcoin in the world. 😲
For the time being, Satoshi remains the reigning sovereign of the top cryptocurrency, boasting a formidable 1,123,500 BTC. This figure, of course, is derived from a pattern-based blockchain analysis, and is thus subject to the whims of fate and fortune. 🔍
According to the esteemed Arkham Intelligence, Satoshi’s total holdings amount to a whopping 1.096 million BTC. These tokens are spread across a grand total of 22,000 long-dormant addresses, as reported by the aforementioned firm. 😴
It is entirely possible that some of the keys to these wallets have been lost to the sands of time. The illustrious billionaire Mike Novogratz, for instance, believes that Satoshi may no longer be among the living. 🕵️♂️
In the interim, BlackRock has emerged as the undisputed leader among traditional finance firms that are dipping their toes into the murky waters of crypto. Its Bitcoin ETF has proven to be a veritable juggernaut in the world of digital assets, with its net assets surpassing a staggering $75 billion, according to the data provided by the ever-reliable SoSoValue. 📈
If current trends persist, BlackRock may well become the largest holder of Bitcoin in the annals of history within the next 12 months. 🏆
Strategy (formerly MicroStrategy) comes in a close third place with a respectable 597,325 BTC, not far behind BlackRock and nipping at the heels of Binance. 🐶
Finally, Grayscale comes in a distant fifth place with a paltry 229,418 BTC. The company has become somewhat less relevant in the ETF race, after its flagship product suffered from a significant exodus of investors due to its exorbitant fees. 💸
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2025-07-08 19:20