BlackRock is approaching a milestone that could rewrite the history of Bitcoin (BTC) ownership. With steady accumulation through its ETFs (exchange-traded funds), the asset management giant is nearing Satoshi Nakamoto's legendary wallet as the world's largest individual Bitcoin investor.
BlackRock's spot Bitcoin ETF, IBIT, has reached a new milestone, accumulating 700,000 BTC.
Highlighting this momentum, ETF analyst Eric Balchunas notes that this puts the world's largest asset manager one step away from surpassing Satoshi Nakamoto as the largest individual Bitcoin investor.
“BlackRock now holds 700,000 BTC and is 62% of the way to surpassing Satoshi as the world's largest individual Bitcoin investor,” wrote Balchunas.
Estimates suggest that Satoshi holds about 1.1 million BTC, untouched since Bitcoin's creation. At the current pace, acquiring 40,000 BTC per month, or about 1,300 BTC daily, IBIT is already 62% of the way there.
If the pace continues, IBIT is on track to surpass Satoshi by May 2026, just two years after its launch. This rapid growth makes IBIT the youngest member among the 25 largest global ETFs by assets under management, with only 1.4 years of existence.
BlackRock's IBIT is the fastest-growing ETF in history. Source: Bitcoin Magazine, which cited Bloomberg.
BlackRock's IBIT is approaching the lead in revenue among the manager's ETFs
Recently, Balchunas highlighted IBIT as the third highest revenue-generating ETF for BlackRock among 1,197 funds, being only $9 billion away from being first.
$IBIT is now the 3rd highest revenue-generating ETF for BlackRock out of 1,197 funds, and is only $9b away from being #1. Just another insane stat for a 1.5yr old (literally an infant) ETF. Here's Top 10 list for BLK (aside, how about the forgettable $IWF at top spot, who knew?) pic.twitter.com/T4xdIA2Rea
— Eric Balchunas (@EricBalchunas) July 3, 2025
BeInCrypto reported that IBIT has already become BlackRock's most profitable ETF in fee revenues, surpassing its $624 billion S&P 500 fund (IVV).
With Bitcoin trading above $108,000, institutional appetite remains high, and BlackRock is leading the charge.
Bitcoin (BTC) Price Performance. Source: BeInCrypto
While ETF providers have collectively surpassed Satoshi's amount, IBIT may soon hold that title individually. Such a milestone would increase BlackRock's growing dominance in the crypto investment landscape.
However, while BlackRock's rise marks a maturing market, others see it as a centralized threat, contradicting Bitcoin's original decentralized ethos.
There once was a dream that was Bitcoin… this is not it.
ETFs
MSTR
Blackrock
Governments
"Institutional grade" custodians 
pic.twitter.com/NuFwvq6mJD
— Hodlorado 
(@hodlorado) December 2, 2024
In the same vein, others also see the growing institutional dominance as a factor reducing Bitcoin's volatility, with annualized realized volatility declining since 2018.
“I still wish Bitcoin never had an ETF. It moves slower than most stocks and has lost its trading appeal. We replaced exciting volatility with boring stability, exactly what the suits and institutions wanted,” said analyst IncomeSharks recently.
However, the largest Bitcoin investors are no longer pseudonymous coders but Wall Street giants.
The article BlackRock approaches Satoshi's Bitcoin stash as IBIT hits 700,000 BTC was first seen on BeInCrypto Brazil.
