贝莱德，比特币，持有人：机构统治的新时代

贝莱德的比特币ETF超越了交换，这表明了加密货币的地震转变。这是比特币持有人的未来吗？让我们潜入！

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

贝莱德，比特币，持有人：机构统治的新时代

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.

贝莱德（BlackRock）现在是已知最大的比特币持有者，超过了主要交易所。这对比特币及其投资者的未来意味着什么？让我们分解。

BlackRock's Bitcoin Empire: A Quick Take

贝莱德的比特币帝国：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.

贝莱德（Blackrock）的iShares比特币信托（IBIT）已成为全球最大的比特币持有人，超过了主要交易所的储备。这表明加密货币景观发生了重大转变，需求从零售业领导的交易所积累转变为受监管的机构金融产品。

Key Findings and Insights

关键发现和见解

• 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