Bitcoin News Today: BlackRock Boosts Bitcoin Holdings by 3.23% in 16 Days

BlackRock, the world’s largest asset manager, has made a significant move in the cryptocurrency market by purchasing approximately $916 million worth of Bitcoin (BTC) and Ethereum (ETH) within a short period. On July 16, 2025, the firm acquired $416 million in Bitcoin, increasing its total holdings to 716,490 BTC, valued at $84.34 billion. This acquisition represents a 3.23% increase in the number of Bitcoins held and a 12.11% jump in valuation over just 16 days. At the time of the purchase, Bitcoin was trading at $117,710, indicating that BlackRock not only capitalized on the price momentum but also actively accumulated the cryptocurrency during a period of strength.

BlackRock’s Bitcoin holdings now represent roughly 3.6% of the current circulating supply of 19.89 million BTC, making it one of the most influential Bitcoin whales globally. This surge in holdings comes amid renewed institutional interest, driven by geopolitical tensions, central bank rate stability, and the persistent demand for crypto ETFs, sectors where BlackRock remains a dominant player.

In addition to Bitcoin, BlackRock also increased its Ethereum holdings by 17%, from 1.73 million ETH to 2.02 million ETH, adding over $2.5 billion in value. The firm’s latest purchase of Ethereum amounted to $499.2 million on July 16, bringing its total Ethereum holdings to $6.94 billion. This move reflects BlackRock’s growing confidence in Ethereum’s Layer 2 and DeFi infrastructure as the blockchain prepares for its next scalability phase.

BlackRock’s on-chain portfolio expanded by over $12 billion between July 1 and July 17, 2025, rising from $79.55 billion to above $91 billion in just over two weeks. This significant investment underscores BlackRock’s strategic approach to diversifying its portfolio across correlated assets and memecoins with virality traction. The firm also made minor entries into micro-cap tokens like MOG and IMAGE, as well as increased its SPX exposure by nearly 19.4%.

The asset manager’s aggressive accumulation of cryptocurrencies suggests a broader strategy to capitalize on the growing institutional interest in digital assets. As geopolitical tensions and central bank policies continue to influence market dynamics, BlackRock’s move to deepen its exposure to Bitcoin and Ethereum positions it as a key player in the evolving landscape of digital finance. This strategic investment not only highlights BlackRock’s confidence in the future of cryptocurrencies but also its ability to navigate the complexities of the digital asset market. The firm’s actions are likely to influence other institutional investors, further driving the adoption and integration of cryptocurrencies into mainstream finance.