BlackRock and MicroStrategy Hold Over 1.11M BTC, Surpassing Satoshi as BlackRock Buys 1,000 BTC Near $88K Price

BlackRock and MicroStrategy have collectively amassed over 1.11 million bitcoins, surpassing the estimated 1.1 million bitcoins held by Bitcoin’s creator, Satoshi Nakamoto. BlackRock alone holds approximately 573,187 BTC, while MicroStrategy owns around 538,200 BTC. This accumulation highlights growing institutional demand for Bitcoin, with BlackRock recently purchasing an additional 1,000 BTC valued at over $83 million from Coinbase Prime wallets. Overall, only 3.28% of the total Bitcoin supply, about 688,000 BTC, remains on corporate balance sheets. Bitcoin exchange-traded funds (ETFs) have absorbed 529,000 BTC, outpacing the 249,000 BTC mined recently. Notably, MicroStrategy’s CEO Michael Saylor is reportedly investing an additional $2 billion into Bitcoin. These developments underscore the increasing dominance of institutional investors in the Bitcoin market as the cryptocurrency maintains a price near $88,000. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant