BlackRock just became the world’s biggest known Bitcoin holder
BlackRock just became the world’s biggest known Bitcoin holder
BlackRock has cemented its dominance in the digital asset market, with its IBIT overtaking the reserves of major exchanges.
finbold.com
BlackRock’s iShares Bitcoin Trust just flexed its muscles, scooping up about 781,160 BTC and dethroning major exchanges like Coinbase (703k BTC) and Binance (558k BTC) as the biggest known Bitcoin stash—only Satoshi’s untouched 1.1 million BTC still tops them all. By parking coins in a regulated ETF, BlackRock is effectively locking them away, triggering what analysts call a “deepening supply shock” that could shore up prices and tighten the market float.
This move underscores a broader shift from retail-driven exchange hoarding to institutional-grade products. BlackRock’s total crypto pile has already surpassed $100 billion (around $89 billion in BTC and $14.7 billion in ETH), and rivals like Fidelity are playing catch-up—its FBTC and FETH funds now hold roughly 199k BTC and 729k ETH, boosting exposure by over $5.3 billion since January.
