#BTC Hey everyone, I just stumbled across some insane crypto news, and I’m totally geeking out! BlackRock, that massive Wall Street giant, is making some serious moves in the Bitcoin (BTC) market today, May 4, 2025, and I’ve got to spill the details. If you’re into crypto like me, you’re gonna want to hear this!So, I was checking out the latest updates, and it turns out BlackRock has been on a Bitcoin buying spree all week, and today’s action is next-level. Word on the street is they dropped a whopping $675 million on BTC just today! That’s not pocket change, folks—that’s a mega investment from the world’s largest asset manager. But wait, it gets crazier: over the past week, they’ve scooped up over 26,000 BTC. That’s like sucking up two months of new Bitcoin supply in just a few days! I’m sitting here wondering how they even pull that off.For those who don’t know, BlackRock runs this thing called the iShares Bitcoin Trust (IBIT), which is basically a way for big investors to buy Bitcoin without dealing with crypto wallets or exchanges. Their ETF is a beast, holding around 607,685 BTC as of a couple of days ago, worth over $56 billion at current prices (around $94,000 per BTC). Today’s $675M buy probably added another 7,000 BTC or so to their stash, pushing them even closer to owning a crazy chunk of all Bitcoin out there—some say they’re already at 2.7% of the total supply
Why’s this got me so hyped? Well, when a company like BlackRock, with $11.6 trillion in assets, starts throwing cash at Bitcoin, it’s a big freakin’ deal. It’s like a neon sign screaming, “Bitcoin’s legit!” This week alone, their buying has been so intense that people are calling it a “supply squeeze.” There’s only so much BTC out there (21 million ever, remember?), so when they grab this much, it leaves less for everyone else. That could totally push prices up, and with Bitcoin already chilling between $94,000 and $97,000, I’m wondering if we’re about to see some fireworks.What’s wild is BlackRock isn’t alone. I’ve seen posts on X saying other big names like Merrill Lynch and Morgan Stanley are dipping their toes in too, and BlackRock’s ETF is seeing insane inflows—like $970.9 million in one day last week! It’s like Wall Street’s catching Bitcoin fever, and today’s $675M buy just proves they’re not slowing down. Some folks on X are even saying this could spark “violent moves upward” for BTC’s price, especially with short-sellers getting nervous.
But here’s the kicker: not everyone’s buying. Some other ETFs, like Fidelity and Grayscale, sold off BTC recently, which kept prices from exploding despite BlackRock’s moves. Weak U.S. GDP data spooked the markets a bit, making some investors go “risk-off.” Still, BlackRock’s confidence is infectious. Their CEO, Larry Fink, used to be a Bitcoin skeptic, but now he’s calling it “digital gold” and even predicted it could hit $700,000 if more institutions jump in. That’s nutsSo, what does this mean for us crypto fans? I think it’s a sign that Bitcoin’s becoming a must-have for big players. Today’s massive buy is just another step in BlackRock’s plan to dominate the crypto game. I’m keeping my eyes peeled for what happens next—will BTC blast past $100,000 soon? I’m no financial advisor, but I’m definitely stoked to see where this ride takes us. Gotta go check X for more updates, but let me know what you think about BlackRock’s big Bitcoin grab in the comments!Notes on the Article
its gone big soon🚀
