BlackRock Becomes Second-Largest Bitcoin Holder, Surpassing Binance and Michael Saylor

May 26, 2025
BlackRock Becomes Second-Largest Bitcoin Holder, Surpassing Binance and Michael Saylor
  • As of May 26, 2025, BlackRock has emerged as the second-largest Bitcoin holder, managing over 621,000 BTC, valued at approximately $64.5 billion.

  • In comparison, Michael Saylor's strategy holds 580,250 BTC, while Binance has 534,471 BTC, highlighting BlackRock's rapid accumulation of Bitcoin.

  • BlackRock's iShares Bitcoin Trust (IBIT), launched in January 2024, has quickly established itself as a leading institutional vehicle for Bitcoin investment.

  • This institutional momentum is reshaping market dynamics, as more corporations announce Bitcoin allocations, leading to a competitive landscape.

  • Tracy Jin, COO of MEXC, emphasized that the integration of Bitcoin into long-term corporate strategies marks a shift from retail-driven to institutional-focused investment.

  • As traditional safe-haven assets lose their appeal due to rising bond yields and sovereign debt issues, Bitcoin is increasingly viewed as a transparent and liquid store of value.

  • Last week, U.S.-based spot Bitcoin ETFs experienced inflows of $2.75 billion, a significant increase that coincided with Bitcoin surpassing its January all-time high of $109,000.

  • This shift in Bitcoin ownership signifies a transition from a speculative asset to a core component of institutional investment strategies.

  • However, analysts caution about potential volatility, noting that Bitcoin must defend key support zones, with critical price thresholds identified at $94,000 and $112,000.

  • With estimates suggesting that up to 20% of Bitcoin may be lost, BlackRock's holdings could represent over 3.5% of the effective circulating supply, approaching the 1.1 million BTC held by Satoshi Nakamoto.

Summary based on 1 source


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