BlackRock Becomes Second-Largest Bitcoin Holder, Surpassing Binance and Michael Saylor
May 26, 2025
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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crypto.news • May 26, 2025
BlackRock nears Satoshi Nakamoto in Bitcoin, tops Strategy and Binance