In Q1 2025, BlackRock significantly increased its investments in Bitcoin according to the latest 13F filing. The investment firm also took steps towards competing ETFs, highlighting a shift in its strategy.
Increase in BlackRock's ETF Holdings
According to the filing, BlackRock's position in its own IBIT ETF grew by 124.7% between Q4 2024 and Q1 2025, acquiring an additional 3,248,304 shares of IBIT, raising its total holdings to over 5.8 million shares worth $273.99 million.
Investments in Competing Bitcoin ETFs
Beyond buying more of its own ETF, the company acquired 70,971 shares in Fidelity’s FBTC, 200 shares in Grayscale’s GBTC, and 40 shares in GBTC mini. This marks the first time that BlackRock will invest in competing Bitcoin ETFs, showing an evolution of its strategy.
Investments in Bitcoin Miners and Overall Strategic Position
The investment firm also increased its investments in Bitcoin miners by buying an additional 2.5 million shares in Riot Platforms and 3.8 million shares in MARA Holdings. These companies are now among BlackRock's major positions in the mining sector. Additionally, BlackRock increased its holdings in Bitcoin-related securities by 28% to 14.42 million shares.
Overall, BlackRock's significant increase in investments in Bitcoin and related sectors reflects the growing trend of corporate investments in digital assets.
