BlackRock's decision to buy $BTC appears driven by several strategic factors. They view Bitcoin as a scarce, decentralized, and non-sovereign asset, offering diversification benefits for portfolios, similar to gold, due to its low correlation with traditional assets like stocks and bonds. Through their iShares Bitcoin Trust (IBIT), launched in January 2024, BlackRock provides a regulated and convenient way for institutions and retail investors to gain exposure to Bitcoin, reducing the operational complexities of direct ownership. This move also taps into growing institutional demand and normalizes crypto within traditional finance, potentially attracting new clients. Additionally, BlackRock sees Bitcoin as a hedge against inflation and currency debasement, especially in an era of expanding global debt. Their significant holdings, now over 662,500 BTC as of June 2025, reflect a long-term bet on its value, despite its volatility.
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