BlackRock just revealed its Q1 2025 Bitcoin-related holdings:
๐ $5.4B in BTC exposure via U.S. equities
๐ฅ $4.16B in Strategy (MSRT Class A) โ Michael Saylorโs BTC-heavy firm
โ๏ธ $1B+ in mining stocks (Riot, Marathon, etc.)
๐ $279M in BTC ETFs, mostly iShares (BlackRock's own fund)
Reminder: Form 13F only covers U.S. public securities.
Real BTC exposure could be even bigger!