BlackRock has made a significant move in the digital asset market with a substantial Bitcoin purchase. According to Arkham Intelligence, the asset management giant acquired $600 million worth of Bitcoin on January 22nd. This acquisition elevates BlackRock's Bitcoin holdings to 569,343 units, now valued at approximately $58.32 billion.
Beyond Bitcoin, BlackRock's digital assets portfolio also includes 74.5 million USDC tokens, $3.7 billion worth of Ether, and other digital coins such as UBXS, Colle AI, MOG, TUA, and SPX6900.
In the past week, BlackRock has led the way in Bitcoin acquisition. Data shared by Lookonchain revealed that BlackRock's iShares funds saw the highest Bitcoin inflows among all asset managers. This puts Grayscale Bitcoin Mini Trust, with 208 Bitcoins, and Grayscale Bitcoin Trust, with 165 Bitcoins, following in its wake.
Recent figures as of January 22 reveal that across 10 Bitcoin ETFs, there was a net inflow of 6,719 Bitcoins, amounting to $700.94 million. BlackRock alone contributed 6,208 Bitcoins, valued at $647.67 million, increasing its total holdings to 569,343 Bitcoins valued at $59.4 billion. Its Ethereum holdings also saw notable growth, with inflows of 16,959 ETH valued at $55.81 million, amidst a combined net flow of 18,108 ETH across nine Ethereum ETFs.
A close analysis of the market over a recent seven-day span highlights BlackRock as the dominant player. With the acquisition of 15,351 Bitcoins, BlackRock's iShares Fund amassed twice as much as the Fidelity Wise Origin Bitcoin Trust in the same period. Meanwhile, Akr21 Shares bolstered its stockpile with almost 4,000 Bitcoins.
BlackRock has also reinforced its position with other digital assets, adding around 58 ETH to its holdings within the same period. Although this is modest compared to VanEck's purchase of 732 ETH, BlackRock's persistent Bitcoin investments are a barometer of market sentiment.
Since the inception of spot Bitcoin ETFs in January 2024, BlackRock has maintained a leadership position with strategic and aggressive purchases.
BlackRock CEO Larry Fink remains optimistic about Bitcoin’s future, asserting that mainstream asset managers and investment funds are increasingly interested in Bitcoin. Speaking at the World Economic Forum, Fink suggested that if global adopters allocate even 2% to 5% of their portfolio to Bitcoin, the digital currency could reach a price point of $700,000.
Fink emphasized BlackRock's role in drawing attention to Bitcoin's potential rather than endorsing it. Samara Cohen, another BlackRock executive, noted that Bitcoin's performance under the Trump administration has been positive and anticipates further growth once regulatory clarity is achieved.