Investment and financial management company BlackRock surpasses main Bitcoin (BTC) and cryptocurrency reserves, establishing itself as Bitcoin’s biggest custodian, valued at 746,288 BTC at $8400 billion.
It is worth clarifying these BTCs They are not a direct asset of BlackRock, but they support ETF Ishares Bitcoin Trust (IBIT).held by coinbase. Coinbase acts as a custodian of coins, as explained in cryptootics.
This milestone leads to BlackRock through IBIT, overcoming Coinbase (703,110 BTC) and Vinance (608,639 BTC). Nakamoto Atshi is the only one who is the creator of Bitcoin, and is estimated to own more by him.1,123,500 BTC for children.
Next is a graph showing IBIT (green) reserves compared to Binance, Coinbase and Satoshi nakamoto.
ibit’s BTC, Disconnecting from the liquid circulation, they produce a supply shock. “The major demand engines have changed their retail focused accumulation to regulated financial products and institutional quality,” the encrypted report states.
