โฆ๏ธ๐ธThe Blackstone Group places its first bet on ๐$BTC ๐ where it owns $1.08 million of IBIT
โ๐นSaid #mansooralrhyb ๐จ๐ It seems that Blackstone has finally started to engage in Bitcoin. As "the world's largest alternative asset management company" with over a trillion dollars in assets under management, Blackstone purchased just over a million dollars of
โ๐น the BlackRock Spot Bitcoin Exchange Traded Fund (IBIT), while the fund's size exceeds $60 billion. Blackstone held the asset in its portfolio as of the end of the quarter ending March 30, according to a filing released on Tuesday.
โ๐นAccording to a filing the company submitted to the U.S. Securities and Exchange Commission on Tuesday, Blackstone held only $1.08 million of earnings before interest and taxes at the end of March. This is the first time the
โ๐น Blackstone has publicly disclosed its investment in cryptocurrency-related assets. In 2019, Stephen Schwarzman, co-founder and CEO of the Blackstone Group, stated that he had little interest in Bitcoin. At that time, he said, "I have little interest in this matter because it is difficult for me to understand it."
