BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as the second-largest holder of Bitcoin globally, managing over 621,000 BTC as of May 26—worth approximately $64.5 billion. With this milestone, the world’s largest asset manager now sits just beneath Satoshi Nakamoto, the anonymous Bitcoin creator believed to hold 1.1 million BTC.
This feat places BlackRock ahead of prominent corporate holders like MicroStrategy (580,250 BTC) and Binance (534,471 BTC), signaling a structural shift in who controls the future of Bitcoin.
Institutional Inflow Turns Bitcoin Into a Wall Street Staple
BlackRock’s stake represents 2.96% of Bitcoin’s total supply, and when accounting for lost or dormant coins, its real influence could top 3.5% of circulating BTC.
According to BitBo and Coinglass data, this level of accumulation isn’t a fluke—it’s an indicator that Bitcoin is no longer a fringe asset but now sits at the heart of modern portfolio theory.
“This isn’t about retail speculation anymore,” said Tracy Jin, COO at MEXC. “Institutional finance has recognized Bitcoin’s asymmetric upside. The goal isn’t quick profit—it’s long-term value preservation.”
Bitcoin’s Role Shifts Amid Macro Turmoil
Jin argues the pivot is driven by deep macro concerns. With U.S. and Japanese bond yields surging, and sovereign debt hitting unsustainable levels, traditional safe havens like Treasuries have lost their luster.
“We’re not fleeing risk,” Jin says, “we’re fleeing the old risk model.”
U.S. spot Bitcoin ETFs saw $2.75 billion in inflows last week, up over 4x from the prior week, as Bitcoin soared past $109,000.
What’s Next? $140K Target by Summer
Jin forecasts $140,000 BTC by the end of summer—provided BTC can hold $94,000 support and break past $112,000 resistance. She notes that institutional momentum tends to be self-fulfilling, creating pressure for other funds to allocate Bitcoin just to stay competitive.
“In prior bull markets, we saw emotion and euphoria,” she explained. “Now we’re seeing spreadsheets and treasury policies driving demand.”
As institutions like BlackRock continue to accumulate BTC, the crypto market may see fewer speculative surges and more sustainable growth cycles. The biggest change? Every dip is now viewed as a strategic entry point, not a panic trigger.
Satoshi Nakamoto may never touch his wallet—but BlackRock is reshaping the digital asset narrative one BTC at a time.
