June 20, 2024
Bitcoin

Bitcoin Hits $71,000: BlackRock’s Holdings Exceed $20 Billion



10h34 ▪
3
min of reading ▪ by
Ariela R.

BlackRock has just reached a historic milestone by surpassing 20 billion dollars in BTC. This advancement, reported by Arkham, reflects significant growth in its crypto portfolio.

Bitcoin investment
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BlackRock’s Bitcoin holdings (Source: Twitter)

BlackRock surpasses 20 billion dollars in BTC

For the first time, BlackRock has seen the value of its Bitcoin holdings exceed 20 billion dollars. They amount to exactly 20.62 billion dollars.

This notable increase is largely attributable to the rise in BTC’s price, which is currently valued at $71,012. This growth demonstrates BlackRock’s growing confidence in the Bitcoin market. It also indicates:

  • a robust investment strategy,
  • a renewed faith in digital assets.

Analysis of BlackRock’s crypto portfolio

BlackRock’s overall crypto portfolio has reached a total value of 20.7 billion dollars, with a net positive variation of 517.54 million dollars. Besides Bitcoin, BlackRock also holds various altcoins, including:

These diversified investments reflect a strategy aimed at maximizing returns on crypto assets while distributing risk. For example, its 2.337 million COLLE are valued at $134.69K, despite a slight decrease of $2.51K.

BlackRock’s Bitcoin ETFs are also on the rise

On-chain flows for BTC ETFs have also shown interesting variations. The BlackRock iShares Bitcoin Trust (IBIT) has indeed briefly surpassed the Grayscale Bitcoin Trust (GBTC).

On May 28, the BTC ETF market in the United States recorded inflows worth 45 million dollars. This marks:

  • sustained interest in these financial products,
  • a positive dynamic for Bitcoin investors,
  • an increased confidence in crypto assets.

In any case, current trends promise to stimulate further investments in Bitcoin and other digital assets. A new era for investors and the financial sector!

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Ariela R. avatarAriela R. avatar

Ariela R.

Je m’appelle Ariela et j’ai 31 ans. J’oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n’ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c’est un univers qui m’intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d’en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.





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