BlackRock increases Bitcoin acquisition, raising holdings by $416 million to 3.6% of total supply
BlackRock has once again increased its investment, adding $416 million to its Bitcoin portfolio, further enhancing its influence in the cryptocurrency market. Its IBIT spot Bitcoin ETF has become a major driver of capital inflows in the U.S. market, promoting sustained strong investment activity.
According to Arkham blockchain analysis, BlackRock now controls 3.6% of the total circulating supply of Bitcoin, highlighting its leading position among institutional investors. This ongoing accumulation strategy has propelled Bitcoin prices to soar above $123,000, further consolidating its dominant position in the cryptocurrency market.
BlackRock's Bitcoin accumulation solidifies its institutional status
BlackRock recently purchased approximately 3,478 BTC for a total of $416 million, marking a continuation of its thoughtful long-term investment strategy. This acquisition raises its Bitcoin portfolio to approximately 716,500 BTC, worth about $85.4 billion at current prices. BlackRock now controls 3.6% of the Bitcoin supply, further solidifying its position as one of the largest institutional investors globally.
IBIT ETF leads capital inflows, driving bullish market sentiment
BlackRock's IBIT spot Bitcoin ETF has become the core of capital inflows, driving ten consecutive days of capital growth. Data shows daily inflows of $764 million, accounting for the vast majority of total inflows into U.S. spot Bitcoin ETFs. This steady capital influx further promotes market maturity, indicating that institutional investors are investing in Bitcoin through regulated ETFs rather than relying solely on retail speculation.
ETF-driven demand pushes Bitcoin prices to breakthrough
Strong demand for the IBIT ETF has directly driven Bitcoin prices to soar past $123,000, stabilizing around $118,620, reflecting a strong bullish market sentiment. This price surge indicates a new wave of institutionalization for Bitcoin as a digital asset, with BlackRock's Bitcoin holdings now approaching those of major exchanges and well-known institutional investors like MicroStrategy.
Conclusion
BlackRock's ongoing Bitcoin accumulation and the inflows into the IBIT ETF signify a significant increase in the institutionalization of the cryptocurrency market. BlackRock controls 3.6% of the circulating supply of Bitcoin, providing investors with a more mature and regulated framework for digital asset investment. As more institutions participate, the market will move further towards stability and maturity, bringing more confidence to investors.#ETH突破3600 #美国众议院通过三项加密货币法案 #币安HODLer空投ERA $BTC $XRP $BNB
