MicroStrategy and BlackRock’s $BTC Savings: They’re Getting Closer to Satoshi Nakamoto’s Wallet

MicroStrategy and BlackRock’s Bitcoin investments have a significant impact on the market. MicroStrategy has been a long-time Bitcoin hoarder, while BlackRock has been attracting institutional investors through its Bitcoin ETFs, and the two giants are seen to have a combined 602,027 BTC. This figure could create a significant concentration of power on the Bitcoin network.

Satoshi Nakamoto has just over 1 million BTC in his wallet. If the amount of Bitcoin that MicroStrategy and BlackRock are hoarding continues to grow at this rate, they will begin to compete with Satoshi. Given Bitcoin’s limited supply, the accumulation of such a large amount in a single hand could have a major impact on price dynamics and change the balance of central power.