BlackRock Boosts Crypto Holdings with $327M Bitcoin Purchase
- The aggressive acquisition of Bitcoin takes the total Bitcoin holdings investment of BlackRock to around $1.16 billion.
- BlackRock also bought $40 million worth of Ethereum, leading to a slight shift in the price of ETH.
BlackRock is continuously working to increase its digital asset holdings, and on April 25, it added another $327.3 million of BTC and acquired around 12,500 BTC in the past three days.
After this acquisition, the total Bitcoin holdings investment of BlackRock stands at around $1.16 billion, showing the immense interest in cryptocurrencies. A Bitcoin and crypto enthusiast posted on X that this move can indicate growing confidence in the crypto market from major financial players.
— Crypto Rover (@rovercrc) April 25, 2025
BREAKING:
BLACKROCK JUST BOUGHT $327.3 MILLION WORTH OF #BITCOIN
THEY BOUGHT 12,500 $BTC IN THE LAST THREE DAYS, TOTALING $1.16 BILLIONpic.twitter.com/375kUhmLLd
Following the information of BTC purchase by BlackRock, a sudden spike of 5.2% has been noted in the trading price of Bitcoin, the positivity has been mimicked by its volume, and the prices of other cryptocurrencies, which, the majority of the time, see a ripple effect due to bullishness in Bitcoin.
On April 25, at 11:58 am IST, Crypto Rover reported that BlackRock bought $40 million worth of Ethereum, leading to a slight shift in the price of ETH. As per Arkham Intelligence, BlackRock holds around $1.142 million in Ethereum.
Massive Inflows into iShares Bitcoin Trust ETF
The strategic move of BlackRock is proving beneficial for its iShares Bitcoin Trust ETF, as it has continuously recorded a positive inflow since April 14, according to the data from CoinGlass. On April 24, it recorded a positive inflow of $327.32 million, with a cumulative inflow of $40.96 billion.
A day before, Blackrock’s IBIT witnessed a positive inflow of around $643 million, and it is the biggest inflow in a single day since January 21, 2025.
Nick Ruck, the LVRG Research Director, says:
“The current inflows of the ETF show a revived investor confidence in the store of value proposition of Bitcoin. Also, we could anticipate witnessing Bitcoin in line with the growth of gold in the future.”
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BlackRock Boosts Crypto Holdings with $327M Bitcoin Purchase
- The aggressive acquisition of Bitcoin takes the total Bitcoin holdings investment of BlackRock to around $1.16 billion.
- BlackRock also bought $40 million worth of Ethereum, leading to a slight shift in the price of ETH.
BlackRock is continuously working to increase its digital asset holdings, and on April 25, it added another $327.3 million of BTC and acquired around 12,500 BTC in the past three days.
After this acquisition, the total Bitcoin holdings investment of BlackRock stands at around $1.16 billion, showing the immense interest in cryptocurrencies. A Bitcoin and crypto enthusiast posted on X that this move can indicate growing confidence in the crypto market from major financial players.
— Crypto Rover (@rovercrc) April 25, 2025
BLACKROCK JUST BOUGHT $327.3 MILLION WORTH OF #BITCOIN
THEY BOUGHT 12,500 $BTC IN THE LAST THREE DAYS, TOTALING $1.16 BILLION
Following the information of BTC purchase by BlackRock, a sudden spike of 5.2% has been noted in the trading price of Bitcoin, the positivity has been mimicked by its volume, and the prices of other cryptocurrencies, which, the majority of the time, see a ripple effect due to bullishness in Bitcoin.
On April 25, at 11:58 am IST, Crypto Rover reported that BlackRock bought $40 million worth of Ethereum, leading to a slight shift in the price of ETH. As per Arkham Intelligence, BlackRock holds around $1.142 million in Ethereum.
Massive Inflows into iShares Bitcoin Trust ETF
The strategic move of BlackRock is proving beneficial for its iShares Bitcoin Trust ETF, as it has continuously recorded a positive inflow since April 14, according to the data from CoinGlass. On April 24, it recorded a positive inflow of $327.32 million, with a cumulative inflow of $40.96 billion.
A day before, Blackrock’s IBIT witnessed a positive inflow of around $643 million, and it is the biggest inflow in a single day since January 21, 2025.
Nick Ruck, the LVRG Research Director, says:
“The current inflows of the ETF show a revived investor confidence in the store of value proposition of Bitcoin. Also, we could anticipate witnessing Bitcoin in line with the growth of gold in the future.”
Highlighted Crypto News Today:
Coinbase Expands PayPal Partnership to Boost PYUSD Stablecoin Utility
Read More