BlackRock’s Bitcoin Holdings Exceed 400,000 BTC, Valued at $26.98 Billion
BlackRock’s Bitcoin ETF has seen consistent inflows, surpassing $23 billion in total value. Amid growing speculation that Bitcoin [BTC] ETFs may soon exceed the holdings of Satoshi Nakamoto, BlackRock has reached a significant milestone in its BTC accumulation.
According to a recent update from Lookonchain, the asset management giant now holds over 400,000 Bitcoin, valued at approximately $26.98 billion.
Over the past two weeks alone, BlackRock has added 34,085 BTC to its portfolio, worth roughly $2.3 billion. This latest acquisition highlights BlackRock’s dominance in the cryptocurrency space as it continues to expand its Bitcoin holdings.
On the flip side, BlackRock’s BTC ETF (IBIT) has seen remarkable growth, surpassing the $23 billion mark, according to Farside Investors.
Notably, IBIT has experienced a consistent inflow streak since October 14. Between October 14 and 25, IBIT recorded inflows nearing $400 million on some days, reflecting strong investor interest and confidence in BlackRock’s BTC strategy.
Community Reaction and Impact on Bitcoin
The crypto community has responded with optimism. As of the latest update, Bitcoin was trading at $67,773.35, marking a rise of over 1% within the past 24 hours, according to CoinMarketCap.
Additionally, the Relative Strength Index (RSI) was above the neutral threshold, signaling that bullish momentum was overtaking bearish forces.
An analysis by IntoTheBlock, cited by AMBCrypto, revealed that approximately 92.88% of BTC holders were “in the money,” meaning their holdings were valued higher than their initial purchase price.
Meanwhile, only 2.45% of holders were “out of the money,” reflecting robust market sentiment and suggesting potential for further price gains.
Is This the Start of the “Bitcoin War”?
Speculation about future “Bitcoin wars” is circulating, with some predicting that giants like BlackRock could eventually seek to fork the original Bitcoin chain and promote their own version as the legitimate one. While such a scenario may currently seem like a conspiracy theory.
However, BlackRock is not alone—other major players such as MicroStrategy, led by Michael Saylor, as well as Tesla, Binance, and SpaceX, have also been steadily amassing Bitcoin. Therefore, whether MicroStrategy and other institutions will be able to challenge BlackRock’s dominance remains an open question.
