US spot Bitcoin ETFs now hold more Bitcoin than the estimated holdings of the anonymous Bitcoin creator, Satoshi Nakamoto.
The total BTC holdings of United States spot Bitcoin exchange-traded funds (ETFs) have surpassed those of Satoshi Nakamoto, marking a new milestone.
On December 6, Bloomberg ETF analyst Eric Balchunas reported on X that Bitcoin ETFs have surpassed 1.1 million BTC for the first time, following the historic introduction of spot Bitcoin ETF trading in the US in January. Balchunas cited market watcher Shaun Edmondson in his report.
“The US spot ETFs have recently surpassed Satoshi in terms of the total amount of Bitcoin they hold, now holding over 1.1 million, which is more than any other entity in the world. It is worth noting that these funds are not even one year old, and they are still considered infants.” Balchunas described the experience as “mind-blowing.”
According to data from Bitcoin ETF observer HODL15Capital, spot Bitcoin ETFs held a maximum of 1,103,965 BTC as of December 5. This affirms Edmondson’s observations.
What Is Satoshi’s Bitcoin Holdings?
The anonymous originator of Bitcoin, Satoshi Nakamoto, initiated the first BTC transaction in January 2009.
Nakamoto is recognized as one of the greatest Bitcoin holders, in addition to his creation of the cryptocurrency.
Analysts predict that approximately 1.1 million BTC are in Nakamoto-associated addresses, which accounts for 5.2% of the 21 million BTC total supply.
As per the data cited by Balchunas, the current combined Bitcoin holdings of US spot Bitcoin ETFs now surpass those of the global crypto exchange Binance by 42%.
Additionally, they currently possess 63% more Bitcoin than MicroStrategy, one of the largest corporate holders of BTC.
According To Mike Novogratz, Nakamoto Is Deceased
Although some crypto investigators, such as HBO, have been attempting to de-anonymize Nakamoto’s entity for years, others think that the enigmatic Bitcoin creator is no longer alive.
In a December 5 interview with CNBC, Mike Novogratz, CEO of Galaxy Digital, a crypto investment firm that also administers its spot Bitcoin ETF, expressed his conviction that Nakamoto is not alive.
“I am confident that Satoshi would be beaming with pride if he were alive, as I am not convinced that he is,” Novogratz stated about Bitcoin surpassing $100,000 for the first time in history on December 5.
