BlackRock spends $5.4 billion! Crazy buying spree for Bitcoin, even purchasing competitor's ETFs!

Global asset giant BlackRock is accelerating its takeover of the Bitcoin market. According to Timechainindex data, by the first quarter of 2025, its total exposure to Bitcoin-related assets has surpassed $5.4 billion, launching a full-scale offensive.

One of the most shocking moves is BlackRock's significant increase in its own Bitcoin Trust (IBIT), purchasing over 3.2 million shares in just three months, bringing its total holdings to 5.85 million shares, with a market value of approximately $274 million.

But that's not all—this is the first time it has bought competitor's Bitcoin spot ETFs, including Fidelity's FBTC, Grayscale's GBTC, and GBTC Mini, with an investment exceeding $5 million, bringing its total ETF exposure close to $280 million.

BlackRock's strategy goes beyond ETFs, as it is also heavily betting on Bitcoin-related stocks. Its investment in MicroStrategy (now Strategy Inc.) has skyrocketed to $4.23 billion, securing Bitcoin 'quasi-spot' exposure through both common and preferred shares.

Additionally, it has invested over $1 billion in the mining sector, getting involved with three major mining companies: Riot Platforms, Marathon Digital, and TeraWulf, building a full chain of control from assets to infrastructure.

In this smoke-free Bitcoin arms race, BlackRock is quietly taking the lead. Do you need me to create a capital flow chart to accompany the article?