EddieJayonCrypto
21 May 25
BlackRock’s iShares Bitcoin Trust (IBIT) has become the second-largest Bitcoin holder as of May 20, holding 636,108 BTC, which is over 3% of Bitcoin’s total supply and nearly 57% of Satoshi Nakamoto’s estimated 1.12 million BTC. IBIT surpasses Binance and MicroStrategy in holdings, with potential to...
BlackRock’s iShares Bitcoin Trust (IBIT) has surged to become the second-largest holder of Bitcoin as of May 20, holding 636,108 BTC. This represents over 3% of Bitcoin’s total supply and nearly 57% of the estimated 1.12 million BTC attributed to Bitcoin’s mysterious creator, Satoshi Nakamoto.In a notable leap, IBIT has surpassed major players such as Binance, the largest crypto exchange by trading volume, and MicroStrategy, the leading corporate Bitcoin holder. Crypto analyst Shaun Edmondson confirmed these holdings, illustrating IBIT’s rapid accumulation since its launch in January 2024.Industry experts like Bloomberg ETF analyst Eric Balchunas predict that IBIT could overtake Nakamoto’s holdings as early as next summer, particularly if Bitcoin's price approaches the $150,000 mark. Such a price surge could ignite widespread institutional demand, with financial advisors reallocating client assets towards Bitcoin exposure.Since its debut, IBIT has emerged as the largest Bitcoin ETF by value, boasting $66.9 billion in net assets as of May 19. This rise reflects a strong appetite from both institutional and retail investors eager for regulated access to Bitcoin.This rapid growth of BlackRock’s Bitcoin Trust exemplifies the evolving landscape of cryptocurrency investment, signaling increasing mainstream acceptance and institutional confidence in Bitcoin as a portfolio asset.