BlackRock's BTC Blitz: $226M Haul Fuels ETF Firepower!
As the crypto market navigates choppy waters, BlackRock, the world's largest asset manager, made headlines yesterday with a massive Bitcoin accumulation spree. According to data from Arkham Intelligence, a leading blockchain analytics platform, BlackRock's iShares Bitcoin Trust (IBIT) received multiple inflows totaling approximately 2,948.622 BTC, valued at around $225.76 million based on prevailing prices. This aggressive buying underscores institutional confidence amid Bitcoin's ongoing consolidation phase.
Breaking down the Arkham-tracked transactions from February 3, 2026: The day saw nine transfers of exactly 300 BTC each, with values ranging from $22.46 million to $23.42 million, occurring between 15 to 18 hours ago (as of this writing). These inflows originated from various sources, including Coinbase hot wallets and other custody entities labeled "Co: Hot..." in Arkham's dashboard. A final transfer of 248.622 BTC, worth $19.34 million, capped the activity, likely part of end-of-day settlements. Such precise, repeated 300 BTC batches suggest structured ETF share creations, where authorized participants deposit Bitcoin in exchange for IBIT units.
This accumulation isn't isolated—BlackRock's IBIT has been a standout performer since its launch, attracting billions in assets under management. Yesterday's haul reflects robust investor demand for spot Bitcoin ETFs, which provide regulated exposure without direct custody hassles. With Bitcoin trading around $76,000-$78,000 per coin during these transfers (inferred from per-BTC valuations), the moves align with a broader trend of Wall Street giants like Fidelity (also noted in related flows) deepening their crypto bets.
Key takeaways for crypto enthusiasts: This signals unwavering institutional appetite, potentially stabilizing BTC prices by absorbing supply. In a market still recovering from 2025's volatility—driven by regulatory shifts and macro pressures—BlackRock's actions could catalyze upward momentum.
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