BlackRock’s iShares Bitcoin Trust (IBIT) has become the second-largest known Bitcoin holder, now managing more than 621,000 BTC—valued at approximately $64.5 billion as of May 26. This development places BlackRock just behind Satoshi Nakamoto, Bitcoin’s mysterious creator believed to hold 1.1 million BTC.

By surpassing MicroStrategy (580,250 BTC) and Binance (534,471 BTC), BlackRock has redefined the power structure of institutional Bitcoin ownership.

Bitcoin’s Wall Street Integration Deepens

BlackRock’s BTC reserve now accounts for 2.96% of the total Bitcoin supply. If one subtracts dormant or irretrievably lost coins, that influence could be greater than 3.5% of circulating BTC.

This isn’t coincidental. Data from BitBo and Coinglass reflect a shift in market character—Bitcoin has matured into a core asset class for portfolio diversification.

“This isn’t about short-term trading anymore,” said MEXC COO Tracy Jin. “Institutions are positioning Bitcoin as a long-horizon hedge. It’s about asset security in an unstable world.”

Macro Trends Push Capital Toward Bitcoin

Jin attributes the shift to eroding confidence in traditional safe havens. Rising bond yields and sovereign debt stress in both the U.S. and Japan have catalyzed demand for Bitcoin as a superior long-term reserve.

“Investors aren’t running from risk,” she noted. “They’re abandoning the legacy definition of safety.”

Spot Bitcoin ETFs drew $2.75 billion in inflows over the last week, as BTC surged above $109,000—more than four times the previous week’s inflow.

Price Projections Signal Bullish Summer

Jin sees a potential climb to $140,000 by the end of summer—conditional on Bitcoin maintaining $94K support and breaching the $112K barrier. She emphasizes that institutional buy-in is now momentum-driven.

“We’re past hype cycles. This time, the engine is institutional rebalancing and treasury strategy.”

With BlackRock at the helm, the crypto market could be entering a new era—less volatility, more strategic accumulation. While Satoshi’s coins remain untouched, Wall Street’s quiet invasion of Bitcoin is rewriting its future.