According to U.Today, Michael Saylor, CEO of MicroStrategy and a prominent Bitcoin advocate, recently announced a significant achievement in the cryptocurrency sphere. He stated that spot Bitcoin Exchange-Traded Funds (ETFs) collectively hold around 1 million BTC, a milestone he symbolically referred to as '1 Nakamoto'. This achievement was accomplished just over four months after the launch of Bitcoin ETFs on January 10th this year. Consequently, the volume of Bitcoin held by issuers has surpassed the 1 million BTC mark.
This symbolic reference to '1 Nakamoto' is based on unverified information that Satoshi Nakamoto, the enigmatic creator of Bitcoin, possesses over 1 million BTC across numerous wallets. Although there is no precise data to confirm this, the symbolic milestone was sufficient for Saylor to term it '1 Nakamoto'. The top three Bitcoin holders among ETF issuers are BlackRock with 287,168 BTC, Fidelity with 161,538 BTC, and ARK Invest with 48,503 BTC.
MicroStrategy, under Saylor's leadership, currently holds 214,400 BTC valued at $14.66 billion on its balance sheet, according to the most recent data. The average purchase price was $35,180, yielding a profit of 94.43%, or $7.12 billion, for Saylor and MicroStrategy. This '1 Nakamoto' milestone highlights 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 corporations like MicroStrategy indicates a promising future for the digital asset.