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crypto.news 2025-01-22 07:35:06

BlackRock’s IBIT boosts Bitcoin holdings with 6,470 BTC

BlackRock’s spot Bitcoin ETF recently added 6,470 BTC to its holdings after the cryptocurrency dips slightly from its recent all-time high at $109k. On Jan. 21, data from BitcoinTreasuries shows iShares Bitcoin Trust holdings increased by 6,470 BTC (worth $682.43 million) reaching a total of 563,134 BTC ( BTC ). BlackRock’s IBIT Bitcoin holdings are currently valued at $59.4 billion according to current market prices. BlackRock’s IBIT has led the majority of spot Bitcoin ETFs inflows for three days in a row. On the same day it made the Bitcoin purchase, IBIT saw $661.9 million enter its fund, as previously reported by crypto.news. BlackRock’s confidence in BTC investment seems to be growing, especially after the cryptocurrency hit a new all-time high of $109,020. In fact, iShares’ Bitcoin holdings saw a spike in its value on Jan. 16 until Jan. 17, reaching as high as $1.3 trillion. Price chart for Bitcoin show a sharp increase followed by a decline as it continues to steadily climb, January 22, 2025 | Source: crypto.news You might also like: Bitcoin ETFs resume inflows post-Trump inauguration as BTC holds above $105k Bitcoin’s price has slowly retracted from its previous high. According to data from crypto.news, the price of Bitcoin now sits at $105,477, having gone up by 3.7% in the past 24 hours of trading. In the past week, BTC has increased more than 8%. It remains to be seen whether Bitcoin’s rally will continue in the aftermath of President Donald Trump’s inauguration as more traders look forward to strides in the crypto industry, such as the national Bitcoin reserve that Trump has vowed to establish in order to make the United States the “crypto capital” of the world. Michael Saylor’s Microstrategy remains the largest corporate Bitcoin holder, having just bought 11,000 Bitcoin worth $1.1 billion at the day of purchase. MicroStrategy’s Bitcoin holdings amount to 461,000 BTC, ranking first followed by MARA Holdings and Riot Platforms. Back in December 2024, IBIT’s parent company, BlackRock, had purchased $1 billion worth of Bitcoin just before the sharp decline of the BTC price. Read more: BlackRock bought $1 billion worth of BTC right on the eve of the dip. Is that a catastrophe?

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