BlackRock, the world's largest asset manager, has been actively investing in Bitcoin. Here are some key points about their Bitcoin purchases ¹ ²:
- *Current Holdings*: As of April 18, 2025, BlackRock's iShares Bitcoin Trust (IBIT) holds approximately 573,187.6 Bitcoins, valued at around $48.86 billion.
- *Recent Purchases*: In January 2025, BlackRock acquired around 31,000 Bitcoins, with one notable purchase being $1 billion worth of BTC on the eve of a price dip in December 2024.
- *Investment Strategy*: BlackRock's investments in Bitcoin are part of its effort to provide exposure to digital assets through its exchange-traded funds (ETFs). The company's CEO, Larry Fink, has expressed optimism about the potential of Bitcoin and other digital assets.
- *Market Impact*: BlackRock's investments in Bitcoin have contributed to the growing institutional adoption of digital assets. However, the cryptocurrency market remains volatile, and the impact of these investments on short-term price movements is uncertain.
Some notable Bitcoin-related investments and holdings by BlackRock include ²:
- *Bitcoin Holdings*: BlackRock's IBIT holds around 573,187.6 Bitcoins.
- *Ethereum Holdings*: BlackRock's Ethereum ETF, ETHA, has accumulated over 1 million ETH, with a value exceeding $4 billion as of January 31, 2025.
- *Recent Acquisitions*: BlackRock acquired 3,570 Bitcoins and 24,529 Ethereum within a 24-hour period in February 2025, demonstrating its confidence in digital assets.