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The Defiant 2025-01-28 23:27:04

BlackRock Buys $1 Billion in Bitcoin, Now Holds 2.7% of Total Supply

BlackRock Buys $1 Billion in Bitcoin, Now Holds 2.7% of Total Supply

BlackRock, the world’s biggest asset manager, acquired an additional $1 billion worth of Bitcoin (BTC) in the past week, raising its holdings to 2.7% of Bitcoin's total supply. The firm’s 53,000 BTC purchase brings its total stash to $58.43 billion, according to Arkham data . This now surpasses the amount held by governments globally, which hold approximately 471,380 BTC, or 2.2% of Bitcoin's total supply, valued at $32.7 billion, according to CoinGecko . Despite some outflows earlier this month, BlackRock’s iShares Bitcoin exchange-traded fund (ETF) continues to dominate the sector, with more than $3.4 billion in inflows since the beginning of January, according to SoSoValue Data. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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