๐จ *BREAKING: BlackRock Now Holds Over 582,000 BTCโApproximately 2.77% of Total Supply*
BlackRock, the world's largest asset manager with 11.5 trillion in assets under management, has significantly increased its Bitcoin holdings. Through its iShares Bitcoin Trust (IBIT), BlackRock now holds approximately 582,695 BTC, valued at around57 billion. This represents about 2.77% of Bitcoin's total capped supply of 21 million coins.
The IBIT ETF has become the most actively traded spot Bitcoin ETF since its launch, attracting substantial institutional and retail investor interest.
As of now, Bitcoin is trading at approximately $104,830.
This significant accumulation by BlackRock underscores the growing institutional adoption of Bitcoin, signaling a strong vote of confidence in the cryptocurrency's role in the future of finance.
