Satoshi Nakamoto Could Soon Be Surpassed By BlackRock, Grayscale As Top Bitcoin Holder

Posted On October 30, 2024

Bitcoin ETFs are edging closer to becoming the largest collective holder of Bitcoin (CRYPTO: BTC), potentially surpassing Satoshi Nakamoto‘s legendary holdings.

What Happened: According to the latest data, U.S.-based Bitcoin ETFs now collectively hold 995,663 BTC—putting them within reach of Satoshi’s estimated 1.1 million BTC stash.

This rapid accumulation places ETFs on the brink of becoming the largest single grouping of Bitcoin ownership in the world.

Bloomberg Senior ETF Analyst Eric Balchunas emphasized the speed at which ETFs are amassing Bitcoin.

“Good chance to pass 1 million today… Legit shot to get to Satoshi by end of Nov,” Balchunas said on X.

As the ETF holdings surge, here’s a breakdown of the top Bitcoin holders as of Oct. …