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BlackRock's Bold Bitcoin Move: A $600 Million Investment
Guess who’s back and buying more Bitcoin? BlackRock is taking a bolder approach to the world’s top digital asset. According to Arkham Intelligence’s recent tracking, BlackRock reportedly bought $600 million worth of Bitcoin** on January 22nd, marking the most significant purchase this year. This acquisition pushed the company’s holdings to **569,343 Bitcoins**, currently valued at **$58.32 billion.
In addition to Bitcoin, BlackRock holds other digital assets, including:
- 74.5 million USDC tokens
- $3.7 billion worth of Ether
- Coins like UBXS, Colle AI, MOG, TUA, and SPX6900
BlackRock Leads Bitcoin Purchases in the Last 7 Days
This year, BlackRock’s aggressive acquisition of Bitcoin got off to a scorching start. Among all funds, BlackRock’s iShares receive the most Bitcoin inflows. Key highlights include:
- Grayscale Bitcoin Mini Trust: Acquired 208 Bitcoins
- Grayscale Bitcoin Trust: Added 165 Bitcoins on the same day
7-Day Net Inflow Breakdown:
| Fund | Bitcoin Inflow |
|---|---|
| BlackRock iShares | 15,351 BTC |
| Fidelity Wise Origin Bitcoin Trust | 7,675 BTC |
| Ark21 Shares | ~4,000 BTC |
👉 Discover how BlackRock is shaping the crypto market
BlackRock Expands Ethereum Holdings
BlackRock’s portfolio isn’t limited to Bitcoin. The firm also holds 58 ETH, though this pales in comparison to VanEck’s 732 ETH purchased in the same period. While Ethereum investments are noteworthy, BlackRock’s Bitcoin dominance remains a key market indicator.
Larry Fink’s Bullish Bitcoin Outlook: Targeting $700K
Bitcoin is currently trading at $104,000, with analysts optimistic about its trajectory. BlackRock CEO Larry Fink shared a bold prediction at the World Economic Forum:
"If everyone adopted a 2% or 5% allocation, you could see Bitcoin at $700,000."
Fink emphasized that BlackRock isn’t endorsing Bitcoin but highlighting its potential. Samara Cohen, another BlackRock executive, noted that regulatory clarity under the Trump administration could propel Bitcoin to new heights.
FAQ: BlackRock’s Bitcoin Strategy
Q: Why is BlackRock buying so much Bitcoin?
A: BlackRock sees Bitcoin as a strategic asset for diversification and long-term growth, aligning with increasing institutional interest.
Q: How does BlackRock’s purchase affect Bitcoin’s price?
A: Large acquisitions by institutional players like BlackRock often drive market confidence and upward price momentum.
Q: What other cryptocurrencies does BlackRock hold?
A: Beyond Bitcoin, BlackRock invests in Ether, stablecoins like USDC, and emerging altcoins.
👉 Learn more about institutional crypto investments
Editorial Process: Our content undergoes rigorous review by technology experts and editors to ensure accuracy and relevance. We adhere to strict sourcing standards to deliver unbiased, valuable insights for our readers.
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