#BlackRock increased its stake in Bitcoin by 550,000 coins.#
Hot Topic Overview
Overview
BlackRock continued to accumulate Bitcoin in 2024. As of January 9, its spot Bitcoin ETF holdings reached 557,881 coins, exceeding 2% of the total Bitcoin supply and representing a market value of over $51 billion. According to statistics, BlackRock purchased $50 billion worth of Bitcoin in 2024, while MicroStrategy purchased $24 billion worth during the same period. BlackRock has purchased a total of 5 billion Bitcoin in the past 12 months, indicating a growing interest in Bitcoin from large institutional investors.
Ace Hot Topic Analysis
Analysis
BlackRock continued to increase its Bitcoin holdings in 2024. As of January 9, its spot Bitcoin ETF (IBIT) held 557,881 Bitcoin, representing over 2% of the total Bitcoin supply and a market value exceeding $51 billion. According to Arkham, BlackRock has purchased $5 billion worth of Bitcoin in the past 12 months. BlackRock's massive investment indicates its long-term bullish view on Bitcoin and may encourage more institutional investors to enter the crypto market. In addition, MicroStrategy also purchased $24 billion worth of Bitcoin in 2024, with the two companies collectively buying $74 billion worth of Bitcoin, further propelling the Bitcoin price upward.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
BlackRock is one of the largest institutional investors in Bitcoin, holding over 550,000 Bitcoins, representing more than 2% of the total supply.
BlackRock has been actively buying Bitcoin over the past year, purchasing over $50 billion worth of Bitcoin.
BlackRock's growing Bitcoin holdings are a sign of increasing interest in cryptocurrencies from institutional investors.
BlackRock's Bitcoin investment could drive up Bitcoin prices and bring more liquidity to the Bitcoin market.