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BlackRock: What is the third cryptocurrency it owns after Bitcoin and Ethereum?

Written by:

Mauro Fernández

Currently, BlackRock, the largest asset manager in the world, owns more than 720,000 bitcoins valued at 85.6 billion dollars and 2.14 million ETH, valued at nearly 8 billion dollars.

The company also has an open position in another altcoin, although it is not Solana, XRP, Dogecoin, or any of the more well-known ones. It is Imagen Network (IMAGE), a token created on the Solana blockchain, which has a market capitalization of just over 24 million dollars.

So much so that the asset ranks 4204 in the crypto ranking with a price around 0.0044 USD and has fallen more than 80% so far this year.

BlackRock's holdings in IMAGE

Currently, the company holds 101 million tokens valued at nearly 450,000 USD, making it the third-largest crypto holding ahead of SPX.

There are other institutions that also have IMAGE in their portfolio: a16z, VanEck, Purpose Investments, and Abraxas Capital.