BlackRock purchased Bitcoin and Ethereum for $357 million: cryptocurrencies are becoming a priority for investors

The world's largest asset manager, BlackRock, is not slowing down in its ambitions in digital assets. The company invested $357 million in Bitcoin (2,704,754.24473761) and Ethereum (28,239,789.77730893), sending a strong signal to the market. The acquisition occurred against the backdrop of record capital inflows to the iShares Bitcoin Trust (IBIT) ETF, which reached $72.4 billion in assets in less than a year and a half, making it one of the top 25 largest ETFs.

A Bloomberg analyst notes that in the first three months of 2025 alone, IBIT attracted $15.5 billion — one of the largest figures among ETFs in history. This indicates unprecedented interest from institutional investors in cryptocurrencies.

In his interview at the forum in Davos, BlackRock CEO Larry Fink stated that small collective investments from institutional players in cryptocurrency could drive Bitcoin's price up to $700,000. BlackRock confidently asserts: Bitcoin and Ethereum are the main assets for crypto investments, making up over 99% of the company's portfolio. The remaining assets include USDC ($74.67 million) and several other tokens.

35961654751

77052194757