BlackRock added $4.33B in BTC and ETH last week, increasing its digital asset portfolio to $92.65B.
Ethereum price surged over 60% in a month, outperforming Bitcoin’s 15.11% monthly gain.
IBIT now holds 3.32% of BTC’s supply and earns $187.2 million annually, overtaking MicroStrategy’s Bitcoin holdings.
BlackRock has increased its cryptocurrency exposure with a major purchase of Bitcoin and Ethereum valued at $4.33 billion. On-chain data from Arkham shows the company acquired $2.57 billion worth of BTC and $1.76 billion in ETH last week.
https://twitter.com/arkham/status/1947384607340392498
This accumulation adds to its existing portfolio of digital assets, which totals $92.65 billion as of the latest update. The firm's crypto holdings dropped by 1.53% in 24 hours following market-wide price corrections.
Over $84 Billion in Bitcoin Holdings
According to Arkham data, BlackRock now holds 720,054 BTC, forming the bulk of its digital portfolio. The total value of these Bitcoin holdings is approximately $84.84 billion. The asset experienced a 1.26% daily decline, which affected the firm’s total portfolio valuation. Despite the price fluctuation, the scale of BlackRock’s Bitcoin holdings underscores its growing role in institutional crypto investment.
Source: Arkham (Blackrock Holdings)
A mid-June report from Yahoo Finance showed that BlackRock’s iShares Bitcoin Trust (IBIT) overtook MicroStrategy in total Bitcoin holdings. IBIT now controls nearly 700,000 BTC, equivalent to 3.32% of Bitcoin’s total supply. The rapid pace of accumulation comes after just 18 months of trading.
Ethereum Makes Up Nearly $8 Billion
BlackRock’s Ethereum holdings stand at 2.143 million ETH, totaling $7.82 billion. The asset dropped by 4.06% in the past 24 hours. The Ethereum position complements the firm’s dominant Bitcoin portfolio and confirms its dual investment approach in digital assets.
According to VanEck, IBIT now generates $187.2 million annually in fees, exceeding revenues from BlackRock’s Core S&P 500 ETF. IBIT also holds 55% of the total Bitcoin ETF market share with over $52 billion in total inflows.
MicroStrategy holds 597,325 BTC valued at $64.8 billion and plans to acquire more. The company recently announced a $4.2 billion stock offering to buy more Bitcoin. Meanwhile, Japan’s Metaplanet now holds 10,000 BTC, surpassing Coinbase. These developments show that institutional competition for Bitcoin is intensifying across multiple corporate entities.
What is the Current BTC/ETH Price Perfomance?
Tracking the ongoing price action between Ethereum and Bitcoin at the time of press, CoinMarketCap data indicates that Bitcoin's price rose 15.11% over the past month, reaching $118,110.26 as of the latest reading. Its 24-hour trading volume increased 14.77%, totaling $73.92 billion. The market cap stands at $2.34 trillion, while the total and circulating supply is 19.89 million BTC.
Source: CoinMarketCap
Ethereum outperformed Bitcoin in monthly growth, shown by the price performance chart. ETH’s price climbed over 60% during the same timeframe. BTC maintained stable gains around the 20% mark across the month. The steady rise in both assets aligns with BlackRock's recent accumulation of BTC and ETH. Their continued buying activity has followed consistent upward price action.
