No, BlackRock Does Not Own 1% of the Total Bitcoin Supply. Here’s Why.

BlackRock owns 1% of Bitcoin IOUs on behalf of its clients. Essential nuance!

Over the past few hours, you may have read here and there that BlackRock now holds over 1% of the total Bitcoin supply.

This echoed MicroStrategy, which passed this symbolic threshold a few days ago too.

Many were saying that it would have taken MicroStrategy almost 4 years to reach this threshold, whereas BlackRock will have achieved this in just a few w…