Bitcoin ETF

Bitcoin

Spot

BlackRock

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://x.com/saylor/status/1795037549301313774" rel="noopener noreferrer nofollow">Michael Saylor</a>, the head of MicroStrategy and a well-known advocate for Bitcoin, recently highlighted a significant milestone in the cryptocurrency world. According to Saylor, spot Bitcoin ETFs now collectively hold approximately 1 Nakamoto of Bitcoin, a symbolic reference to 1 million BTC.&nbsp;
This milestone was reached just over four months after the inception of&nbsp;<a href="https://u.today/two-crucial-bitcoin-btc-price-levels-to-watch-this-week" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> on Jan. 10 this year. Thus, more than four months later, the volume of accumulated Bitcoin issuers has exceeded the 1 million BTC mark. It is that mark that Saylor referred to as 1 Nakamoto.&nbsp;
The fact is that, according to unconfirmed data, Satoshi Nakamoto, the mysterious creator of&nbsp;<a href="https://u.today/its-time-1-million-btc-advocate-samson-mow-says-expecting-omega-candle-soon" rel="noopener noreferrer nofollow">Bitcoin</a>, holds more than 1 million BTC in thousands of his wallets. However, there is no more precise data, but this symbolic mark was enough for Saylor to call it 1 Nakamoto.
<blockquote>
 32 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> Spot ETFs now hold ~1 Nakamoto of <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://t.co/OpHridlymc" rel="noopener noreferrer nofollow">pic.twitter.com/OpHridlymc</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1795037549301313774?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 27, 2024</a>
</blockquote>
The top three Bitcoin holders among ETF issuers were BlackRock with 287,168 BTC, Fidelity with 161,538 BTC and ARK Invest with 48,503 BTC.
As for Saylor and&nbsp;<a href="https://u.today/michael-saylor-says-ethereum-etf-is-good-for-bitcoin-heres-reason" rel="noopener noreferrer nofollow">MicroStrategy</a> itself, the company now has 214,400 BTC worth $14.66 billion on its balance sheet, according to the latest data. The average buying price is $35,180, which brings the profit of Saylor and MicroStrategy to 94.43%, or $7.12 billion.
This milestone of reaching "1 Nakamoto" underscores the growing influence of Bitcoin ETFs and the increasing institutional adoption of the main cryptocurrency. As Bitcoin continues to gain mainstream acceptance, the accumulation of&nbsp;<a href="https://u.today/unique-bitcoin-course-to-be-launched-by-swiss-university" rel="noopener noreferrer nofollow">BTC</a> by ETFs and major companies like MicroStrategy signals an interesting future for the digital asset.

'1 Nakamoto of BTC': Michael Saylor Notes Major Bitcoin ETF Milestone

U_Today

Other articles published on May 27, 2024

Will Ethereum hit $4,500? Here’s What Arthur Cheong predicts

Bitcoin Boosts Memecoin Market

Cristiano Ronaldo Introduces Fourth NFT Collection on Binance

SHIB Insider Issues Crucial TREAT Warning, Ripple CTO Sheds Light on Tokenization, Ethereum's Vit...

Top Crypto Gainers Today May 27 – Flux, Decred, SafePal, WOO Network

Next crypto to hit 1$ in 2024: Best crypto under $1

Join our free newsletter for daily crypto updates!