BlackRock Bucks the Trend: Buys Bitcoin Again, This Time $50 Million Worth
Arkham Intelligence reported on X that while major financial institutions like Fidelity, Grayscale, and Invesco are reducing their Bitcoin holdings, BlackRock has made a pretty substantial acquisition of $50 million worth of Bitcoin.
The contrasting actions of these institutions could point to differing perspectives on Bitcoin’s future.
Or, it could just mean that Fidelity, Grayscale, and Invesco are simply reallocating assets, securing profits, or adjusting their exposure to Bitcoin due to market volatility or internal strategies.
BlackRock’s purchase, however, indicates a bullish outlook on Bitcoin, suggesting confidence in its long-term value.
This acquisition aligns with previous reports of BlackRock increasing its Bitcoin assets. Notably, Arkham recently reported that BlackRock bought $1 billion worth of Bitcoin in a single week, bringing their holdings to 2.7% of the total Bitcoin supply.
This could have serious market implications as BlackRock’s continued investment could signal to the market a strong institutional endorsement of Bitcoin, potentially influencing other investors and impacting Bitcoin’s price dynamics.
In recent times, the world’s largest asset manager has considerably expanded its involvement in the cryptocurrency space, particularly with Bitcoin.
In January 2024, BlackRock introduced the iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund (ETF). Within 11 months, IBIT amassed over $50 billion in assets, marking one of the most successful ETF launches ever.
The ETF’s rapid growth reflects strong institutional and retail investor demand for regulated Bitcoin exposure. Case in point, Goldman Sachs significantly increased its holdings in IBIT, reaching $1.27 billion by the end of 2024.
Building on its US success, it was also reported earlier this month that BlackRock is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, likely domiciled in Switzerland. This move aims to cater to the growing demand for cryptocurrency investments among European investors.
There’s no denying that BlackRock’s active participation and endorsement have played a key part in legitimizing Bitcoin within traditional finance. The success of IBIT and the firm’s strategic insights have contributed to increased mainstream acceptance and investment in Bitcoin.
As such, while other major financial establishments are divesting from Bitcoin, BlackRock’s substantial and ongoing investments underscore its confidence in the cryptocurrency’s future prospects.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Saylor’s Strategy Adds $742M Bitcoin, Stacks Total BTC to $31 Billion
Strategy, the former MicroStrategy, has snapped up yet another 7,633 bitcoins worth a staggering $742.4 million at an average $97,255 per coin. The company’s total BTC holdings now reach 478,740 coins, roughly valued at $31 billion
Headed by Michael Saylor, Strategy is one of the biggest corporate Bitcoin whales in the world. Its newest buy comes as markets bounce around, showing their strong belief in Bitcoin’s long-term potential.
Related: BlackRock CEO “Surprised” by Bitcoin ETF’s Record-Breaking Demand
Interestingly, even with this latest purchase, Michael Saylor had stated earlier that the firm had not sold any Class A common stock the past week or acquired any Bitcoin as of February 2, 2025.
So this sudden move can only point to a strategic change of plans taking advantage of the favorable market conditions.
Saylor pointed out that the company’s consistent strategy of acquiring BTC has outperformed key players in the tech space , including NVIDIA. “Our Bitcoin investment has not only dominated the S&P 500 but has delivered superior growth,” Saylor stated.
By using its BTC holdings and equity offerings, seems Strategy is looking to offer even better returns to its shareholders. With a 4.1% BTC yield so far in 2025, MicroStrategy is positioning itself as a leader in corporate Bitcoin treasury operations.
MicroStrategy’s dedication to Bitcoin became even more obvious on February 5th when it rebranded itself, now sporting an orange background to represent its dedication.
Related: MicroStrategy Rebrands as “Strategy₿,” Doubles Down on Bitcoin
The following day, they submitted documents to the SEC, drawing attention to ownership stakes. In related news, BlackRock, another big holder of Bitcoin, has quietly increased its stake in Strategy to nearly 5%, up from 4%, now holding about 11.2 million shares . At the current stock price of $328, this comes out to around $3.6 billion.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.