BlackRock Drops $1.33B on Bitcoin Amid Price Rally
BlackRock has invested $1.33 billion in its iShares Bitcoin Trust over the past week, marking the largest Bitcoin buying spree since October 2025's all-time high. This surge in investment coincides with a price rally above $80,000 and growing institutional demand for digital assets.
The influx of capital has contributed to BlackRock's accumulation of $2.17 billion in Bitcoin since early July, making it one of the largest holders of both Bitcoin and Ethereum.
This strong demand is fueling a price recovery in Bitcoin and reflects broader market optimism about digital assets as a hedge against currency risks.