9/7/2025, 6:29:02 pm

BlackRock’s IBIT Bitcoin holdings surge to 700K, says analyst

BlackRock’s spot Bitcoin ETF holds 700,439 coins, becoming the second-largest holder after Satoshi Nakamoto. The ETF is purchasing 40,000 Bitcoin monthly, potentially surpassing Nakamoto by May 2024. Big holders are increasing purchases as Bitcoin supply tightens, with only 450 coins mined daily. Demand is rising amid Bitcoin’s growing role as a safe-haven asset, similar to gold.