BlackRock, the largest investment company, has increased its Bitcoin holdings to 781,160 BTC, placing it second only to Bitcoin's creator, Satoshi Nakamoto.
Changes in Bitcoin Accumulation
Data compiled by CryptoQuant on August 22, 2025, shows that iShares Bitcoin Trust (IBIT) now controls a significant amount of Bitcoin. This profoundly changes conventional approaches to cryptocurrency accumulation, as funds held in ETFs are effectively locked out of circulation. Analysts argue that this could create supply pressure and establish a strong foundation for Bitcoin's price growth.
BlackRock’s Expanding Crypto Empire
Recent reports indicate that BlackRock's total crypto exposure has surpassed $100 billion. As of mid-August, its portfolio included $89.27 billion in Bitcoin, while Ethereum accounted for $14.71 billion. This increase in reserves solidifies BlackRock's position as a dominant player in the digital asset space.
Competition with Fidelity
However, competition in the market is intensifying. Fidelity is also expanding its presence with Bitcoin and Ethereum ETFs, which collectively control 199,127 BTC and 728,939 ETH as of August 20. While Fidelity is growing, BlackRock still maintains a significant lead, suggesting that the concentration of Bitcoin in ETF vehicles could shift trading dynamics for years.
The increase in BlackRock's Bitcoin holdings and the emergence of new players highlight shifts in investor preferences and the dynamics of the cryptocurrency market, which may reshape the landscape for many years to come.
