BlackRock's Massive Bitcoin Acquisition Surpasses MicroStrategy Holdings
BlackRock's Bitcoin ETF Sees Significant Growth
BlackRock, the world's largest wealth management firm, has made a substantial investment in Bitcoin over the past two weeks. Its spot Bitcoin ETF, IBIT, has accumulated 41,452 BTC, valued at nearly $4 billion. This brings the fund's total Bitcoin holdings to 614,639 BTC, worth an impressive $58.07 billion.
Surpassing MicroStrategy's Holdings
BlackRock's Bitcoin accumulation has outpaced another major player, MicroStrategy (now known as Strategy). Despite Strategy's recent purchase of 1,895 BTC for $180 million, their total holdings stand at 555,450 BTC, valued at approximately $38 billion. Strategy has been actively acquiring Bitcoin through frequent fundraising campaigns.
This significant investment by BlackRock highlights the growing interest of institutional investors in Bitcoin, further solidifying its position in the financial markets.
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