BlackRock's Bitcoin Bet: 2.7% of Supply, $154.6M Inflows

BlackRock Now Holds 2.7% of Entire Bitcoin (BTC) Supply

BlackRock, the world's largest asset manager, has quietly amassed a significant stake in Bitcoin, now holding approximately 2.7% of the entire Bitcoin supply. This revelation comes as the company's iShares Bitcoin Trust (IBIT) ETF has seen a surge in value, reaching an unprecedented $60 billion across 574,118.84380 BTC. According to data from Farside Investors, Bitcoin ETFs have attracted a total of $188.7 million in inflows, with BlackRock accounting for $154.6 million, representing 81% of the net inflows. This aggressive accumulation positions BlackRock as one of the largest institutional holders of Bitcoin, surpassing even MicroStrategy's notable holdings.

BlackRock's Bitcoin holdings have been steadily increasing over the past year, with the company's CEO, Larry Fink, recently sparking discussions about Bitcoin's potential. In a recent interview, Fink suggested a price target of $700,000 if institutional adoption increases. He has also been talking with a sovereign wealth fund about allocating 2% to 5% of their assets to Bitcoin. BlackRock's involvement in the Bitcoin market is a significant development, as the company manages assets worth over $10 trillion for its clients worldwide.

BlackRock's Bitcoin holdings have been steadily increasing over the past year, with the company's CEO, Larry Fink, recently sparking discussions about Bitcoin's potential. In a recent interview, Fink suggested a price target of $700,000 if institutional adoption increases. He has also been talking with a sovereign wealth fund about allocating 2% to 5% of their assets to Bitcoin. BlackRock's involvement in the Bitcoin market is a significant development, as the company manages assets worth over $10 trillion for its clients worldwide.

BlackRock's Bitcoin holdings have been steadily increasing over the past year, with the company's CEO, Larry Fink, recently sparking discussions about Bitcoin's potential. In a recent interview, Fink suggested a price target of $700,000 if institutional adoption increases. He has also been talking with a sovereign wealth fund about allocating 2% to 5% of their assets to Bitcoin. BlackRock's involvement