U.S. Bitcoin ETFs Surpass Satoshi Nakamoto’s Stack, Now Holding ‘Mind-Blowing’ 1.1 Million BTC
A chart posted on X on Dec. 6 by Bloomberg’s senior ETF analyst Eric Balchunas shows that the 11 spot Bitcoin funds now trading on U.S. stock exchanges hold as much as 1,103,965 BTC as of Dec. 5
After months of accumulating billions of dollars worth of Bitcoin, the successful BTC exchange-traded funds (ETFs) launched earlier this year collectively hold more of the alpha crypto than its mysterious, pseudonymous founder, Satoshi Nakamoto.
Satoshi Loses Top Bitcoin Holder Crown To BTC ETFs
A chart posted on X on Dec. 6 by Bloomberg’s senior ETF analyst Eric Balchunas shows that the 11 spot Bitcoin funds now trading on U.S. stock exchanges hold as much as 1,103,965 BTC as of Dec. 5.
Bitcoin’s enigmatic creator (or creators) mined the first Bitcoin back in 2009 under the moniker Satoshi Nakamoto, and their true identity has remained a mystery. Satoshi is believed to have mined roughly 22,000 of the first blocks, which, when multiplied by the 50 BTC block reward at the time, gives 1.1 million BTC.
“The US spot ETFs have just passed Satoshi in total Bitcoin held, now hold more than 1.1 million, more than anyone in the world, and they’re not even a year old yet, literally babies still. Mind-blowing,” Balchunas quipped.
The US spot ETFs have just passed Satoshi in total bitcoin held, now hold more than 1.1m, more than anyone in the world, and they're not even a year old yet, literally babies still. Mind blowing.
