#BlackRock increases Bitcoin holdings#
Hot Topic Overview
Overview
BlackRock has been increasingly active in the Bitcoin market recently. According to Arkham data, BlackRock has added 5 billion Bitcoin to its holdings over the past year. As of January 9th, BlackRock's spot Bitcoin ETF (IBIT) held 557,881 Bitcoin, representing over 2% of the total Bitcoin supply, with a market value exceeding $51 billion. Additionally, BlackRock acquired $50 billion worth of Bitcoin in 2024, further deepening its involvement in the cryptocurrency market. These actions indicate that BlackRock has faith in Bitcoin's future and views it as a significant asset class.
Ace Hot Topic Analysis
Analysis
BlackRock increased its Bitcoin holdings by 5 billion coins in 2023. As of January 9, its spot Bitcoin ETF (IBIT) holds 557,881 Bitcoin, representing over 2% of the total Bitcoin supply, with a market value exceeding $51 billion. This indicates BlackRock's growing investment in Bitcoin and its emergence as a significant player in the Bitcoin market. Additionally, BlackRock acquired $50 billion worth of Bitcoin in 2024, further demonstrating its bullish sentiment towards the cryptocurrency market. While it remains unclear how BlackRock acquired these Bitcoin, its continuous accumulation will undoubtedly have a positive impact on the market and potentially drive Bitcoin prices higher.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
BlackRock increased its Bitcoin holdings, now exceeding 2% of the total Bitcoin supply.
BlackRock has added $5 billion worth of Bitcoin in the past year.
BlackRock's Bitcoin holdings are now worth over $51 billion.
BlackRock may continue to buy Bitcoin in 2024, potentially acquiring $50 billion worth of Bitcoin.