貝萊德，比特幣，持有人：機構統治的新時代

貝萊德的比特幣ETF超越了交換，這表明了加密貨幣的地震轉變。這是比特幣持有人的未來嗎？讓我們潛入！

BlackRock, Bitcoin, Holder: A New Era of Institutional Dominance

貝萊德，比特幣，持有人：機構統治的新時代

BlackRock is now the biggest known Bitcoin holder, surpassing major exchanges. What does this mean for the future of Bitcoin and its investors? Let's break it down.

貝萊德（BlackRock）現在是已知最大的比特幣持有者，超過了主要交易所。這對比特幣及其投資者的未來意味著什麼？讓我們分解。

BlackRock's Bitcoin Empire: A Quick Take

貝萊德的比特幣帝國：快速看法

BlackRock's iShares Bitcoin Trust (IBIT) has become the largest known holder of Bitcoin globally, overtaking the reserves of major exchanges. This signals a major shift in the cryptocurrency landscape, with demand moving from retail-led exchange accumulation to regulated, institutional-grade financial products.

貝萊德（Blackrock）的iShares比特幣信託（IBIT）已成為全球最大的比特幣持有人，超過了主要交易所的儲備。這表明加密貨幣景觀發生了重大轉變，需求從零售業領導的交易所積累轉變為受監管的機構金融產品。

Key Findings and Insights

關鍵發現和見解

• IBIT's Holdings: As of August 22, 2025, IBIT held approximately 781,160 BTC.
• Market Shift: The primary demand driver has shifted from retail-centric exchange accumulation to regulated, institutional-grade products.
• Supply Shock: IBIT's relentless inflows have triggered a