Guess who’s back and buying more bitcoin? It is Blackrock that takes a more daring attitude to the world’s foremost digital access.
According to Arkham Intellige’s latest tracking, Blackrock reportedly bought $ 600 million Bitcoin January 22, the most important purchase this year. Arkham added that this latest acquisition drove the company’s holding to 569,343 bitcoins, currently valued at $ 58.32 billion.
In addition to Bitcoin, Blackrock has other digital assets, including 74.5 million USDC tokens, $ 3.7 billion in Ether and coins such as UBXS, Colle AI, Mog, TUA and SPX6900.
Source: Arkham Intelligence
Blackrock leads bitcoin purchases in the last 7 days
This year, Blackrock’s aggressive acquisition of Bitcoin got a stinging start. Lookonchain revealed on Twitter/X that among all funds, Blackrock’s Ishare’s most Bitcoin inflows get.
Grayscale Bitcoin Mini Trust comes in next, with a total of 208 bitcoins, then followed by Grayscale Bitcoin Trust, which acquired 165 bitcoins the same day.
Update January 22:
10 #Bitcoin ETF: er
Netflow: +6 719 $ BTC(+700.94 million USD)#Blackrock(Ishares) inflows 6 208 $ BTC($ 647.67 million) and currently have 569 343 $ BTC(USD 59.4 billion).9 #Ethereum ETF: er
NetFlow: +18 108 $ Eth(+59.59 million USD)#Blackrock(Ishares) inflows 16 959 $ Eth($ 55.81 million) and currently holds … pic.twitter.com/i2ean9iabf– Lookonchain (@lookonchain) January 22, 2025
If you look at the seven -day net inflow, Blackrock is still the foremost player in the industry. During this period, Blackrock’s Ishares Fund acquired 15 351 Bitcoin, twice as many submitted by Fidelity Wise Origin Bitcoin Trust. The AKR21 Shares has also performed best in the last seven days, and added almost 4,000 bitcoins to their holdings.
Blackrock adds a significant number of ETH to increase their holdings
Blackrock’s holding also includes other digital assets, including ETH. In the same data shared by Lookonchain, Blackrock added about 58 ETH but is after the acquisition of Vaneck, with its 732 ETH tokens purchased in the last seven days.
Although Blackrock adds a large number of ETH-tokens, its investments in Bitcoin have significance for the industry. The company’s bitcoin purchase is often a measure of market performance. Since the launch of Spot Bitcoin ETFS in January 2024, Blackrock has consistently led the segment with aggressive purchases.
Blackrock CEO Larry Fink on Bitcoin:
“If everyone adopted an allocation of 2% or 5%, you could see Bitcoin of $ 700,000”
Incredible how far Bitcoin has come. 🠠 pic.twitter.com/PSXP3AQ4WI
– Geiger Capital (@geiger_capital) January 22, 2025
FINK remains Hausse at BTC, aiming for $ 700K
Bitcoin is currently traded at $ 104,000, a little lower than the closing course yesterday. Analysts are still optimistic about Bitcoin’s price track based on its latest success. Larry Fink, CEO of Blackrock, has shown confidence in the potential price of bitcoin.
FINK told the World Economic Forum that Bitcoin became more and more popular with asset management companies and international investment funds. According to FINK, these companies wish Blackrock’s opinion on Bitcoin. If everyone owns Bitcoin and contributes 2% to 5%, the industry will reach $ 700K, FINK continued.
In addition, FINK emphasized that they do not support Bitcoin, but rather highlight its potential. Bitcoin can see some improvement under Trump, according to Samara Cohen, another Blackrock official. According to Cohen, Bitcoin is doing well on the market under Trump. When the rules are clear, Cohen expects a banner year for bitcoin.
Selected Image from Reuters, Chart from TradingView
