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Crypto

BlackRock Doubles Down on Bitcoin with $1.5 Billion Investment

Guavy AI Editorial Team
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BTC ARKM
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BlackRock's Bitcoin stash has grown significantly in just one month, with the company adding over $1.5 billion to its holdings.

The asset management firm now holds a total of 801,769 BTC, worth approximately $67.87 billion at current prices.

This substantial increase brings BlackRock's Bitcoin holdings to a significant portion of its overall crypto portfolio, accounting for over 87% of the company's total tracked cryptocurrency assets.

The latest data from Arkham Intelligence shows that BlackRock has continued to purchase Bitcoin on most ETF trading sessions over the past month, with a net total of $1.57 billion worth of BTC added to its stash.

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