#BlackRock Buys Billions in Bitcoin#
Hot Topic Overview
Overview
BlackRock has continued to accumulate Bitcoin over the past year, and according to Arkham data, its holdings have reached 50 billion, exceeding 2% of the total Bitcoin supply. As of January 9, BlackRock's spot Bitcoin ETF holdings were 557,881, with a market value of over $51 billion. BlackRock purchased $50 billion worth of Bitcoin in 2024, while MicroStrategy bought $24 billion, with the two companies combined buying $74 billion in Bitcoin, indicating continued institutional investor interest in digital assets.
Ace Hot Topic Analysis
Analysis
BlackRock has been heavily buying Bitcoin over the past year, creating 5 billion Bitcoin in just 12 months, according to Arkham. As of January 9th, BlackRock's spot Bitcoin ETF (IBIT) holds 557,881 Bitcoin, surpassing 2% of the total Bitcoin supply, with a market value of over $51.1 billion. BlackRock bought $50 billion worth of Bitcoin in 2024, while MicroStrategy bought $24 billion worth, totaling $74 billion in Bitcoin purchased by the two companies last year. BlackRock's massive purchases indicate a growing interest in Bitcoin from institutional investors, which will further propel Bitcoin's price and solidify its position as digital gold.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
BlackRock massively bought Bitcoin, holding more than 2% of the total supply.
BlackRock has bought $50 billion worth of Bitcoin in the past year.
MicroStrategy has also bought $24 billion worth of Bitcoin.
BlackRock's Bitcoin holdings are constantly increasing, with a market value of over $51 billion.
BlackRock's massive purchase indicates growing interest in Bitcoin from institutional investors.