The US Spot Bitcoin Exchange Traded Fund (ETF) has reached a new milestone, with its total BTC holdings surpassing that of Satoshi Nakamoto.
Bitcoin ETFs have surpassed 1.1 million BTC for the first time since the historic start of spot Bitcoin ETF trading in the US in January, said Eric Balciunas, Bloomberg ETF analyst. I wrote Quoted by market watcher Sean Edmondson in X on December 6th.
“The U.S. Spot ETF has overtaken Satoshi in total Bitcoin holdings and now holds over 1.1 million, more than any other ETF in the world, and it’s less than a year old, literally. It's still a baby. It's amazing,” Balciunas said.
Data from Bitcoin ETF observer HODL15Capital supports Edmondson’s insight. show Spot Bitcoin ETF holds 1,103,965 BTC as of December 5th.
How much Bitcoin does Satoshi have?
Satoshi Nakamoto is an anonymous Bitcoin creator who initiated the first BTC transaction in January 2009.
Apart from the creation of Bitcoin, Nakamoto is known as one of the largest holders of Bitcoin, with analysts estimating that approximately 1.1 million BTC resides in Nakamoto-related addresses, which is 5.2 million BTC out of the total supply of 21 million BTC. It is estimated that it corresponds to %.
US Spot Bitcoin ETF has surpassed Satoshi Nakamoto in total BTC holdings. Source: Eric Balchunas
Related: Bitcoin is “still in its infancy” at $100,000 — ARK’s Cathie Wood
According to data cited by Balciunas, the total current Bitcoin holdings held by U.S. Spot Bitcoin ETFs are 42% larger than the holdings held by global crypto exchange Binance. They currently hold 63% more Bitcoin than MicroStrategy, one of the largest corporate holders of BTC, holds.
Mike Novogratz says Nakamoto is no longer alive
Some crypto law enforcement agencies, like HBO, have tried to anonymize Nakamoto's identity for years, but some believe the mysterious Bitcoin creator is no longer alive.
Mike Novogratz, CEO of cryptocurrency investment firm Galaxy Digital (which also runs a Bitcoin spot ETF), said in a December 5 interview with CNBC that Nakamoto is not alive. expressed confidence.
Mike Novogratz says he doesn't believe Bitcoin founder Satoshi Nakamoto is still alive as BTC surpasses $100,000 for the first time. Source: CNBC
“If Satoshi were alive — because I don't think he's alive — I'm sure he would have a big smile on his face,” Novogratz said. saidmentioning that on December 5th, Bitcoin exceeded $100,000 for the first time in history.
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