BlackRock’s iShares Bitcoin ETF Surpasses 700K BTC in Holdings
BlackRock‘s iShares Bitcoin Trust (IBIT) ETF has reached a significant milestone, accumulating over 700,000 BTC in assets under management just 18 months after its January 2024 launch. This achievement highlights growing institutional interest in Bitcoin, with IBIT now holding more than 3% of Bitcoin’s total capped supply. At current valuations, the ETF’s assets total approximately $75.5 billion.
Key Facts About This Achievement
- IBIT held 698,919 BTC as of July 3, 2025
- July 7 net inflows of 1,510 BTC pushed holdings past 700,000
- Among BlackRock’s 1,197 funds, IBIT ranks third in revenue generation
- U.S. spot Bitcoin ETFs collectively surpassed $50 billion in cumulative inflows
IBIT Overtakes Michael Saylor’s Strategy
With 700,000 BTC, BlackRock’s ETF has surpassed the nearly 600,000 BTC held by Michael Saylor’s corporate strategy, previously the largest corporate Bitcoin holder since 2020.
Approaching Satoshi Nakamoto’s Holdings
According to Bloomberg senior ETF analyst Eric Balchunas, IBIT now holds 62% of the Bitcoin attributed to Satoshi Nakamoto. The 11 U.S. spot Bitcoin ETFs collectively hold 1.25 million BTC, making this one of history’s most successful ETF launches.
Market Implications
The rapid BTC accumulation by institutional ETFs demonstrates cryptocurrency’s growing integration into traditional finance. This institutional participation suggests increasing confidence in Bitcoin’s long-term viability as an asset class.
