Ah, BlackRock. The company that seems to have a finger in every financial pie—and by “pie,” we mean *really* large pies that are probably covered in glitter and made of money. One of their most notable ventures? The iShares Bitcoin Trust (IBIT), of course! Between the tail end of 2024 and March 2025, BlackRock thought, “Why not throw some more money at this Bitcoin thing?” and added over 3.2 million IBIT shares to their portfolio. That’s a total of 5.85 million shares, valued at a tidy $274 million. Not bad for a day’s work, right?
But wait, there’s more! In an utterly shocking twist, BlackRock didn’t just limit itself to its own shiny Bitcoin ETF. Oh no, they decided to dip their toes into other, *competing* Bitcoin ETFs. We’re talking nearly 71,000 shares of Fidelity’s FBTC (because who doesn’t love a good rivalry?) and smaller investments in Grayscale’s GBTC and its GBTC Mini. It’s like they’ve got a subscription to every Bitcoin ETF out there. Total value? Around $5 million, bringing their total Bitcoin ETF exposure to a cool $279 million. Someone stop them, please. Or don’t.
As if that weren’t enough, BlackRock got a bit adventurous with public companies tied to Bitcoin. They raised their stake in Strategy Inc. (formerly known as MicroStrategy) to over 14.4 million shares. And just when you thought they were done, they also grabbed over 620,000 Series A preferred shares, plus nearly 15 million shares through two of Strategy’s commercial note offerings. The result? A grand total of $4.23 billion invested in a company that can’t seem to stop buying Bitcoin. It’s like they have a very expensive hobby.
But here’s the cherry on top: BlackRock didn’t stop with buying shares and ETFs. No, no, they’ve also poured almost $1 billion into Bitcoin mining companies. Riot Platforms, Marathon Digital, and TeraWulf are probably sending thank-you notes by now. It’s a truly multi-pronged approach to owning the digital currency game. Who needs subtlety when you can just buy the whole *bloody* sector?
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2025-05-06 09:54