BlackRock, the world's largest asset manager, continues to increase its assets in Bitcoin and Ether, making it one of the leading holders of cryptocurrencies.
Overview of BlackRock's Holdings
According to data from Arkham Intelligence, BlackRock now controls 735,000 bitcoins, equivalent to about $86 billion. This information confirms BlackRock's growing interest in crypto assets and its determination to strengthen its positions in this rapidly evolving market.
Increase in BTC and ETH Holdings
In recent days, the wallets of BlackRock's Bitcoin ETF, iShares Bitcoin ETF (IBIT), have received several large transfers. Transactions of 300 BTC, each worth $37 million, were recorded. Additionally, BlackRock's Ether holdings are also increasing, with several wallets receiving 5,900 ETH and 10,000 ETH within two days, totaling over $121 million.
The Bitcoin Market and Its Stability
Despite volatility, Bitcoin shows relative stability, holding its price between $117,000 and $118,000. Currently, the price is at $117,789, indicating that the market remains active even on weekends. This supports Bitcoin's reputation as one of the most successful ETFs since its approval in 2024.
BlackRock's accumulation of Bitcoin and Ether highlights its growing influence in the cryptocurrency market and sets new standards for large institutional investors.
