BlackRock Increases Its Bitcoin Reserves to $58 Billion, CEO Predicts Strong Appreciation
- BlackRock expands stake and holds 2,7% of Bitcoin
- CEO Larry Fink sees sovereign wealth fund-driven appreciation
- IBIT ETF registers strong demand and attracts institutional investors
BlackRock, the world’s largest asset manager, has significantly increased its Bitcoin holdings, acquiring an additional $1 billion in the past week. With this new purchase, the firm now holds 572.616 BTC, valued at approximately $58,43 billion, representing 2,7% of the total Bitcoin supply in circulation. BlackRock’s increased exposure to the digital asset reinforces growing institutional adoption and a long-term view on Bitcoin’s appreciation.
BLACKROCK BOUGHT $1 BILLION OF BITCOIN THIS WEEK
THEY NOW HOLD 2.7% OF THE TOTAL BTC SUPPLY pic.twitter.com/bxL2hY8j5E
— Arkham (@arkham) January 26, 2025
In addition to Bitcoin, the asset manager has a diversified portfolio of cryptocurrencies, including US$3,75 billion in Ethereum (ETH) and US$72,02 million in USDC, a stablecoin pegged to the US dollar. This portfolio signals the company's growing interest not only in Bitcoin, but in other crypto assets with relevance in the market. BlackRock's move follows a global trend of institutional investors seeking exposure to digital assets as a form of diversification and protection against macroeconomic uncertainties.
During the World Economic Forum in Davos, BlackRock CEO Larry Fink made a projection bold about the future of Bitcoin. According to him, if sovereign wealth funds start to allocate between 2% and 5% of their portfolios to the asset, as a form of protection against economic and political risks, the cryptocurrency could reach extremely high values. Fink stated that Bitcoin offers a viable alternative for countries and institutions concerned about the devaluation of their local currencies and financial instability. “If you are afraid of the devaluation of your currency or the economic or political stability of your country, you can have an international instrument called Bitcoin that will overcome these local fears.”
BlackRock’s iShares Bitcoin Trust (IBIT), an exchange-traded fund focused on Bitcoin, has also been performing impressively in the market. In a single trading day, IBIT recorded a volume of over US$1 billion in the first two hours, signaling strong demand from investors. This result solidifies the ETF as one of the main options for exposure to Bitcoin within the traditional financial market.
At the time of publication, the price of Bitcoin was quoted at US$102.806, up 3.2% in the last 24 hours.
BlackRock’s recent move reinforces the confidence of large institutions in the appreciation of Bitcoin and its consolidation as a highly relevant asset. The search for decentralized alternatives that are resistant to economic crises has been a determining factor in the increased interest of institutional investors. Meanwhile, expectations about the impact of new institutional adoptions continue to grow, propelling the cryptocurrency market to a new level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blockware Predicts 36 Firms Adding Bitcoin to Balance Sheets
Blockware forecasts a wave of Bitcoin adoption, with 36+ public firms expected to add BTC to their balance sheets in 6 months.Why Blockware Believes Companies Are Moving FastA Corporate Shift That Could Reshape Crypto Markets

BlockDAG’s Beat Vesting Pass Enables Quick 80% Token Release! XLM & POL Prices Show Strong Moves
Discover how BlockDAG’s BEAT VESTING PASS beats limits. Explore XLM price pattern, POL technical setup, and the good crypto to buy now for gains.Volume Growth Adds Weight to XLM Price Pattern Breakout ProspectsPOL Technical Setup Eyes $0.2763 Neckline for ReversalBlockDAG BEAT VESTING PASS Offers 80% Immediate AccessKey Takeaways!

BTC ETF Buys $2.7B Worth of Bitcoin in 5 Days
BTC ETFs purchased 24.1K Bitcoin worth $2.7B from July 7–11, signaling strong institutional interest.Institutional Demand on the RiseWhat This Means for the Crypto Market

Altcoin Season Nears as Downtrend Against BTC Fades
Altcoins are showing signs of ending their downtrend against Bitcoin, signaling a potential altcoin season ahead.What Is Altcoin Season?What Traders Should Watch

Trending news
MoreCrypto prices
More








