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Author: Admin | 2025-04-27
BlackRock, the world’s largest asset management firm, reportedly purchased $600 million worth of Bitcoin on January 22. This marks its largest acquisition of the crypto this year. The recent BTC acquisition was spotted by blockchain analytics platform Arkham Intelligence. According to Arkham data, the purchases add to BlackRock’s substantial Bitcoin holdings, bringing its total holdings to 569,343 BTC. They are valued at about $58.32 billion, at current valuations. The company also holds other digital assets, including $3.7 billion worth of Ethereum, 74.5 million USDC, and coins like Colle AI, SPX6900, UBXS, TUA and MOG. This comes as the company, which currently holds about $11.5 billion AUM, saw a significant surge in Bitcoin exchange-traded fund (ETF) inflows on Wednesday. Lookonchain updates show spot BTC ETFs recorded a net inflow of 6,719 BTC, amounting to $700.94 million. Of this, BlackRock’s iShares Bitcoin Trust (IBIT) contributed 6,208 BTC, summing up to approximately $647.67 million.Jan 22 Update:10 #Bitcoin ETFsNetFlow: +6,719 $BTC(+$700.94M)🟢#BlackRock(iShares) inflows 6,208 $BTC($647.67M) and currently holds 569,343 $BTC($59.4B).9 #Ethereum ETFsNetFlow: +18,108 $ETH(+$59.59M)🟢#BlackRock(iShares) inflows 16,959 $ETH($55.81M) and currently holds… pic.twitter.com/I2EAn9iABF— Lookonchain (@lookonchain) January 22, 2025BlackRock’s IBIT has been a key driver of institutional investment in Bitcoin. Since its launch in January 2024 alongside 11 other ETFs, the fund has achieved an exponential growth uptick of 114%, leading the way among institutions in BTC adoption.At press time, the largest crypto by market cap is changing hands at $104,555. This is a 2.2% price downturn in the last 24 hours. It is, however, an uptick of about 4% from its intraweek trading levels.BlackRock’s Larry Fink’s bullish stance on BitcoinEarlier today, Larry Fink, BlackRock’s CEO, offered a glimpse into the company’s long-term outlook for Bitcoin. This was during an interview at the World Economic Forum in Davos. As reported by Geiger Capital on X, Fink talked about
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