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BlackRock’s Bitcoin Trust Hits 30 Days of Inflows, Buys 22,419 BTC Worth $2.46B, Portfolio Value $99.4M

BlackRock's iShares Bitcoin Trust (IBIT) has recorded 30 consecutive days without any outflows, now holding approximately 3
By: DeepNewz
BlackRock’s Bitcoin Trust Hits 30 Days of Inflows, Buys 22,419 BTC Worth $2.46B, Portfolio Value $99.4M

BlackRock's iShares Bitcoin Trust (IBIT) has recorded 30 consecutive days without any outflows, now holding approximately 3.3% of the total Bitcoin supply, valued at around $71 billion. The firm acquired 22,419 Bitcoin last week, representing a $2.46 billion purchase, significantly outpacing the 3,090 newly mined Bitcoins during the same period. This accumulation positions BlackRock as the second-largest Bitcoin holder after Satoshi Nakamoto, surpassing major entities such as Binance and Strategy. Additionally, BlackRock's Strategic Income Opportunities Portfolio has increased its holdings in IBIT shares to 2,123,592 as of March 31, 2025, valued at $99.4 million, up from 1,691,143 shares at the end of 2024. Market activity also includes a notable Bitcoin ETF put option trade valued at $800,000, indicating active hedging strategies related to BlackRock's Bitcoin exposure.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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