Analysis: BlackRock currently holds nearly 700,000 bitcoins, just 38% away from surpassing Satoshi Nakamoto

Bloomberg ETF analyst Eric Balchunas posted on platform X that BlackRock currently holds nearly 700,000 bitcoins, just 38% away from surpassing Satoshi Nakamoto to become the world's largest single bitcoin holder (if considering all bitcoin ETFs as a single management entity, it has already surpassed Satoshi Nakamoto). BlackRock's bitcoin spot ETF—IBIT, is currently accumulating bitcoins at a rate of 40,000 per month (approximately 1,300 per day), and is expected to reach a holding of 1.2 million by May 2026.$BTC