CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Finbold 2025-01-29 15:57:30

BlackRock buys Bitcoin for 8th day in a row; here’s how much it holds

Within just one year, the asset management behemoth BlackRock (NYSE: BLK ) has become a major Bitcoin ( BTC ) hodler as it acquired a total of 572,616 BTC since the launch of its iShares Bitcoin Trust ETF ( IBIT ). Unlike many of its peers, the finance giant opted not to sell during the recent cryptocurrency selloff, initiated as a spillover from the technology sector in the wake of DeepSeek’s release, and it has loaded up on an additional 11,000 BTC in the last 7 days. Such activity ensured that the total value of BlackRock’s Bitcoin holdings, at press time on January 29, amounts to a high $62.25 billion, per the data Finbold retrieved from Arkham. Furthermore, the latest buying activity means that the asset manager purchased approximately 21,000 BTC in the first 29 days of 2025 . BlackRock BTC holdings 1-week chart. Source: Arkham IBIT up in 2025 despite market volatility Looking at the performance of the exchange-traded fund ( ETF ) itself – IBIT – the buying activity appears in line with the asset’s performance. For example, though the latest drop, which led to Bitcoin falling toward $98,000 on Monday, January 27, the ETF remains 9.47% in the green year-to-date (YTD) at $58.07. IBIT ETF YTD price chart. Source: Finbold Additionally, the fund is up an impressive 84.70% since it launched in January 2024, having gained $26.59 per share within the time frame. BlackRock buys BTC for eight days straight while others keep selling Despite not being the only major Bitcoin ETF manager, BlackRock is in a somewhat unique position. Not only has it been on a continuous eight-day buying spree, but most of its peers have been selling during the dip. Featured image via Shutterstock The post BlackRock buys Bitcoin for 8th day in a row; here’s how much it holds appeared first on Finbold .

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.