Global asset management giant BlackRock continues to aggressively accumulate Bitcoin. According to on-chain data shared by Lookonchain, BlackRock has recently added another 5,613 BTC (worth approximately $529.5 million) to its holdings, bringing its total stash to 620,252 BTC — currently valued at $58.5 billion.
📈 47,000 BTC Bought in Just Two Weeks
Since April 21, BlackRock has purchased a total of 47,064 BTC, an investment exceeding $4.44 billion. These acquisitions have been primarily executed through spot Bitcoin ETFs, with many transactions routed via Coinbase Prime wallets.
💡 Institutional Confidence in Bitcoin Grows
BlackRock’s substantial accumulation is seen as a strong vote of confidence in Bitcoin from institutional investors. With increasing spot ETF activity, this level of buying may signal a broader bullish outlook in the crypto market.
🔮 What Comes Next?
BlackRock’s strategy is not just about portfolio diversification — it's also about solidifying the role of digital assets in modern finance. $BTC