U.Today: Michael Saylor, director of MicroStrategy and well-known proponent of , recently highlighted an important milestone in the world of cryptocurrencies. According to Saylor, Bitcoin spot ETFs now collectively hold approximately 1 Nakamoto of Bitcoin, a symbolic reference to 1 million BTC.
This milestone was reached just over four months after the creation of the Bitcoin ETFs on January 10 of this year. Thus, more than four months later, the accumulated volume of Bitcoin issuers surpassed the million BTC mark. It is that mark that Saylor referred to as 1 Nakamoto.
The fact is that, according to unconfirmed data, Satoshi Nakamoto, the mysterious creator of Bitcoin, has more than 1 million BTC in thousands of his wallets. However, there is no more precise data, but this symbolic mark was enough for Saylor to call it 1 Nakamoto.
The top three Bitcoin holders among ETF issuers were BlackRock (NYSE 🙂 with 287,168 BTC, Fidelity with 161,538 BTC, and ARK Invest with 48,503 BTC.
As for Saylor and MicroStrategy, the company now has 214,400 BTC worth $14.66 billion on its balance sheet, according to the latest data. The average purchase price is $35,180, bringing Saylor and MicroStrategy's profit to 94.43%, or $7.12 billion.
This milestone of reaching “1 Nakamoto” underscores the growing influence of Bitcoin ETFs and the growing institutional adoption of the leading cryptocurrency. As Bitcoin continues to gain mainstream acceptance, the accumulation of BTC by ETFs and large companies like MicroStrategy signals an interesting future for the digital asset.
This article was originally published on U.Today.
