$BTC BlackRock Becomes Largest Institutional Holder of Bitcoin

AI Brief

According to Odaily, as of September 1, 2024, BlackRock’s IBIT emerged as the world’s largest institutional holder of Bitcoin, owning 357,509 Bitcoins. MicroStrategy has surpassed Grayscale’s GBTC, holding 226,500 Bitcoins compared to GBTC’s 225,671, securing the second position. Fidelity’s FBTC ETF is in fourth place with 178,349 Bitcoins, while stablecoin giant Tether holds 75,354 Bitcoins, placing it in fifth place. Other notable institutional holders include ARK Invest/21 Shares’ ARKB with 37,147 Bitcoins and Bitcoin mining firm Marathon Digital with 25,000 Bitcoins. It’s worth noting that MicroStrategy announced earlier this year that it was transforming itself into a “Bitcoin development company,” making it the largest known institutional holder before the advent of Bitcoin ETFs.

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