- U.S. Bitcoin Spot ETFs now control 1,104,534 BTC, surpassing Satoshi Nakamoto’s holdings.
- BlackRock leads the ETF pack with 521,375 BTC, followed by Grayscale and Fidelity.
- Bitcoin has surged 134% this year, surpassing $100,000 amid institutional accumulation.
US Bitcoin ETFs now hold more Bitcoin than Satoshi Nakamoto. Data compiled by analyst Shaun Edmondson reveals these ETFs currently control 1,104,534 BTC, exceeding Nakamoto’s estimated holdings of 1.1 million BTC establishing them as the largest holders of Bitcoin worldwide.
US ETFs Lead Bitcoin Accumulation
BlackRock leads the ETF race with 521,375 BTC under its management. Following closely are Grayscale’s GBTC and Mini ETFs with 251,330 BTC and Fidelity’s FBTC with 199,246 BTC.
Other notable contributors include Ark/21Shares with 48,144 BTC and Bitwise with 41,062 BTC. The ETFs added 8,636 BTC in a single day, demonstrating relentless accumulation since their launch earlier this year.
Notably, their collective holding of 1.104 million BTC means institutional investors have put around $110 billion into the Bitcoin market this year.
Bloomberg Senior ETF Analyst Eric Balchunas tweeted about the scale of this achievement, calling it “mind-blowing” that U.S. Spot ETFs have overtaken Satoshi’s holdings in under a year. “They’re not even a year old yet, literally babies still,” Balchunas added, highlighting the rapid growth of institutional Bitcoin exposure.
Aside from ETFs, other prominent entities are increasingly buying Bitcoin, including MicroStrategy. The software firm led by Michael Saylor holds 402,100 BTC, making it the fourth-largest BTC holder after Binance and Satoshi Nakamoto. The firm has spent over $23 billion to build this portfolio over the last four years.
Bitcoin Price Action During the Frenzied BTC Accumulation
The rapid accumulation of Bitcoin this year is reflected in the market price. Bitcoin is currently up 134% year-to-date, with its price around $99,500 at press time.
Notably, the premier cryptocurrency broke the historic $100K milestone on Thursday. While it dropped to $90,500 hours later, it is now recovering from the dip, aiming for the six-figure level once again.
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