BlackRock Climbs Past Binance and Strategy in Bitcoin Count

TLDR

• BlackRock now ranks as the world’s third-largest Bitcoin holder, according to Arkham data.
• The asset manager reportedly holds about 764,000 BTC.
• Only Satoshi Nakamoto and Coinbase hold more Bitcoin than BlackRock.
• BlackRock moved ahead of Binance, which holds around 670,000 BTC.
• Strategy reports total Bitcoin holdings of 847,000 BTC.

BlackRock now ranks as the third-largest Bitcoin holder globally, according to data released by Arkham. The asset manager holds about 764,000 BTC, placing it behind only Satoshi Nakamoto and Coinbase. The ranking has sparked discussion because Strategy reports total Bitcoin holdings of 847,000 BTC.

BlackRock Moves Ahead of Binance in Bitcoin Rankings

Arkham’s latest data places BlackRock among the largest Bitcoin-holding entities worldwide. The report estimates that BlackRock controls around 764,000 BTC through its Bitcoin-related products and holdings. Meanwhile, Satoshi Nakamoto remains the largest holder with 1,096,000 BTC, while Coinbase holds about 970,000 BTC.

The ranking also places BlackRock ahead of Binance. According to Arkham’s figures, Binance accounts for roughly 670,000 BTC. As a result, BlackRock moved above the exchange in the latest list of major Bitcoin holders.

Discussion emerged after the report circulated across the crypto sector. Some market participants questioned BlackRock’s position because Strategy reports larger overall Bitcoin reserves. However, Arkham’s methodology focused on Bitcoin directly attributed to each entity profile.

Why BlackRock Ranked Above Strategy

Strategy remains the largest publicly traded corporate Bitcoin holder. The company reports total Bitcoin holdings of 847,000 BTC. On the surface, that figure exceeds BlackRock’s reported 764,000 BTC position.

However, Arkham explained why its ranking placed BlackRock ahead. The report stated that part of Strategy’s Bitcoin remains under custodial arrangements. Therefore, not all holdings appear directly under Strategy’s entity profile.

Arkham reported that about 184,000 BTC from Strategy’s total holdings sit with Fidelity Custody. After accounting for those custodial holdings, approximately 663,000 BTC remain directly associated with Strategy’s profile. That figure falls below BlackRock’s reported 764,000 BTC.

The distinction became central to the ranking debate. Arkham based its list on Bitcoin linked directly to entity profiles rather than total reported ownership. Consequently, BlackRock secured the third position despite Strategy’s larger disclosed Bitcoin reserves.

Arkham Details the Bitcoin Holder Breakdown

The report outlined a clear hierarchy among the largest Bitcoin holders. Satoshi Nakamoto leads with 1,096,000 BTC, while Coinbase follows with 970,000 BTC. BlackRock ranks third with approximately 764,000 BTC under Arkham’s calculations.

Binance follows BlackRock with around 670,000 BTC. Strategy appears below BlackRock when custodial holdings receive separate treatment. The ranking reflects Arkham’s tracking approach rather than publicly reported corporate ownership figures.

Arkham stated that BlackRock’s holdings exceed those directly attributed to Strategy’s profile. The data also shows BlackRock maintaining a larger Bitcoin balance than Binance. Those figures currently place the asset manager as the world’s third-largest Bitcoin holder.

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