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ETFs Now Hold More Bitcoin Than Satoshi (BTC Times, Deniz Saat)btctimes.com/u-s-bitcoin-etfs-now-hold-more-bitcoin-than-satoshi-nakamoto/
485 sats \ 10 comments \ @denlillaapan 8 Dec 2024 bitcoin

Pretty interesting milestone.

Irrelevant, etc, but funny:

A Shift in Bitcoin Ownership
Satoshi Nakamoto, known for creating Bitcoin in 2009, is believed to control approximately 1.1 million Bitcoin.
This amount represents about 5.2% of Bitcoin’s total supply, capped at 21 million coins. With the holdings of U.S. spot Bitcoin ETFs now surpassing this figure, a shift in Bitcoin’s ownership structure is evident.
In addition to outpacing Nakamoto’s holdings, U.S. Bitcoin ETFs collectively hold 42% more Bitcoin than Binance, the world’s largest Bitcoin and cryptocurrency exchange, and 63% more than MicroStrategy, the leading corporate Bitcoin holder.

Eric Balchunas here:

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31 sats \ 1 reply \ @Coinsreporter 8 Dec 2024

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0 sats \ 0 replies \ @denlillaapan OP 8 Dec 2024

just don't fucking dance...?

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10 sats \ 1 reply \ @realBitcoinDog 8 Dec 2024

WHO HERE IS SELLING?!

WERE NOT SELLING!

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10 sats \ 0 replies \ @denlillaapan OP 8 Dec 2024

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10 sats \ 0 replies \ @mdominicorobin24 8 Dec 2024

Big deal. Let me remind them that Bitcoin is not eco-friendly. Bitcoin is scarcity friendly. They are just mulcting the ignorant ETF investors. Sooner or later they will just cry.

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10 sats \ 1 reply \ @LowK3y19 8 Dec 2024

We are all satoshi

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0 sats \ 0 replies \ @denlillaapan OP 8 Dec 2024

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0 sats \ 0 replies \ @Shugard 8 Dec 2024

So many Bitcoin IOUs, it's crazy!

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0 sats \ 0 replies \ @Aardvark 8 Dec 2024

It's insane how many people are comfortable with an ETF holding their bitcoin. There's so many cautionary tails out there and people just keep doing things like this.

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0 sats \ 0 replies \ @nitter 8 Dec 2024
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