Michael Saylor Celebrates Major Bitcoin ETF Milestone: ‘1 Nakamoto of BTC’ Marks Historic Achievement for BTC

  • Bitcoin ETFs have reached a significant milestone, collectively holding approximately 1 million BTC, referred to as “1 Nakamoto.”
  • This milestone was achieved just over four months after the inception of Bitcoin ETFs on January 10, 2024.
  • Michael Saylor, head of MicroStrategy, highlighted this achievement, emphasizing the growing influence of Bitcoin ETFs.

Bitcoin ETFs now hold 1 million BTC, a milestone dubbed “1 Nakamoto,” signaling increased institutional adoption and mainstream acceptance of Bitcoin.

Bitcoin ETFs Reach “1 Nakamoto” Milestone

Bitcoin ETFs have collectively amassed approximately 1 million BTC, a milestone symbolically referred to as “1 Nakamoto.” This achievement comes just over four months after the launch of Bitcoin ETFs on January 10, 2024. Michael Saylor, the head of MicroStrategy and a prominent Bitcoin advocate, highlighted this significant development, underscoring the growing influence of Bitcoin ETFs in the cryptocurrency market.

Institutional Adoption and Mainstream Acceptance

The rapid accumulation of Bitcoin by ETFs signifies a notable shift towards institutional adoption and mainstream acceptance of the digital asset. According to unconfirmed data, Satoshi Nakamoto, the mysterious creator of Bitcoin, holds more than 1 million BTC across thousands of wallets. This symbolic milestone of “1 Nakamoto” reflects the increasing confidence and interest from institutional investors in Bitcoin.

Top Bitcoin Holders Among ETF Issuers

The top three Bitcoin holders among ETF issuers are BlackRock, Fidelity, and ARK Invest. BlackRock leads with 287,168 BTC, followed by Fidelity with 161,538 BTC, and ARK Invest with 48,503 BTC. This substantial accumulation by major financial institutions highlights the growing acceptance and integration of Bitcoin into traditional investment portfolios.

MicroStrategy’s Bitcoin Holdings

MicroStrategy, under the leadership of Michael Saylor, has been a significant player in the Bitcoin market. The company currently holds 214,400 BTC, valued at approximately $14.66 billion. With an average buying price of $35,180 per BTC, MicroStrategy’s Bitcoin holdings have yielded a profit of 94.43%, amounting to $7.12 billion. This strategic investment underscores Saylor’s unwavering belief in Bitcoin’s long-term potential.

Conclusion

The milestone of reaching “1 Nakamoto” underscores the growing influence of Bitcoin ETFs and the increasing institutional adoption of the leading cryptocurrency. As Bitcoin continues to gain mainstream acceptance, the accumulation of BTC by ETFs and major companies like MicroStrategy signals a promising future for the digital asset. This development not only highlights the confidence of institutional investors in Bitcoin but also sets the stage for further growth and integration of cryptocurrencies into the global financial system.

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