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AI summary of a third-party reportBullishNewsDesk

BlackRock Bitcoin holdings rise by $1.5bn in a month

BlackRock bought a net $1.57bn of Bitcoin over the past month, lifting its stash to 801,769 BTC, according to Arkham Intelligence data reported by U.Today.

Why it matters: The figures show how much institutional demand for Bitcoin is now routed through BlackRock's ETF complex, a key gauge for crypto and markets readers.

InvestIn.News NewsDesk · 1 min read
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Picture from U.Today for: BlackRock Bitcoin holdings rise by $1.5bn in a month
Image: U.Today
Original reporting: Caroline Amosun, U.Today

Key points

  • BlackRock added a net $1.57bn of Bitcoin over the past month, per Arkham Intelligence.
  • Its latest purchase was $196m of BTC after Bitcoin rebounded above $84,000.
  • BlackRock now holds 801,769 BTC, about $67.9bn, or over 87% of its $77.9bn tracked crypto portfolio.

BlackRock has expanded its Bitcoin holdings by a net $1.57bn over the past month, U.Today reports, citing data from Arkham Intelligence. The buying came on most ETF trading sessions, the data shows.

The latest purchase totalled $196m of BTC and followed Bitcoin's rebound above $84,000. U.Today says the move suggests the rally drew fresh interest from institutional investors.

A month of buying

Bitcoin accounts for more than 87% of the firm's $77.9bn tracked crypto portfolio, with Ethereum second at $10.1bn of ETH.

The accumulation continued as BlackRock's spot Bitcoin ETF, IBIT, kept attracting capital, U.Today reports. That strengthens the firm's position as a dominant fund in the Bitcoin ETF market.

Read the full story on U.Today

Live updates on NewsFeeds:BitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of U.Today’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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