As an analyst with a background in finance and a strong interest in the crypto space, I find Michael Saylor’s recent announcement about Bitcoin ETFs collectively holding 1 Nakamoto of Bitcoin to be a significant development. This milestone was reached just over four months after the inception of Bitcoin ETFs and underscores the growing influence of institutional investors in the cryptocurrency market.
Michael Saylor, the CEO of MicroStrategy and a prominent Bitcoin supporter, recently announced an impressive achievement in the Bitcoin community. Specifically, he mentioned that aggregate spot Bitcoin Exchange-Traded Funds (ETFs) currently possess roughly 100,000 BTC – symbolically equivalent to one million Bitcoins or 1 Nakamoto.
Four months after the January 10th launch of Bitcoin ETFs this year, we have surpassed a significant milestone: the accumulated issuance of Bitcoin has exceeded one million BTC. This amount, which Elon Musk’s Tesla referred to as “1 Nakamoto,” was reached more than four months later.
It’s believed that Satoshi Nakamoto, the elusive inventor of Bitcoin, owns over a million Bitcoins, distributed across approximately thousands of wallets. Though the information is unverified, this significant amount has led Ian Griggs (alias Saylor) to refer to it as “One Nakamoto’s” stash.
Approximately 287,168 Bitcoin are held by the top three exchange-traded fund (ETF) issuers: BlackRock, Fidelity, and ARK Invest. Specifically, BlackRock holds around 287,168 Bitcoin, followed by Fidelity with approximately 161,538 Bitcoin, and ARK Invest holding roughly 48,503 Bitcoin.
Regarding Saylor and MicroStrategy, their current Bitcoin holdings amount to approximately 214,400 coins, equivalent to around $14.66 billion based on the latest market values. They acquired these Bitcoins at an average price of $35,180 per coin. This means they have realized a significant profit of roughly 94.43%, or approximately $7.12 billion.
Reaching the milestone of “1 Nakamoto” is a significant reminder of the expanding impact of Bitcoin Exchange-Traded Funds (ETFs) and the rising institutional adoption of Bitcoin. As Bitcoin becomes more mainstream, the accumulation of Bitcoin by ETFs and corporations such as MicroStrategy points to an intriguing future for this digital asset.
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2024-05-27 17:25