BlackRock Buys 22,419 BTC for $2.4B, Holdings Top 621,000 BTC as VanEck Urges US Reserve Purchase

BlackRock has significantly increased its Bitcoin holdings, acquiring 22,419 BTC last week, valued at approximately $2.4 billion. This purchase brings BlackRock's total Bitcoin holdings via its iShares Bitcoin Trust (IBIT) to over 621,000 BTC, representing nearly 3% of the total Bitcoin supply and surpassing the holdings of Binance and MicroStrategy. Notably, only 3,090 BTC were mined during the same period.

The BlackRock Strategic Income Opportunities Portfolio, part of the $11 trillion asset manager led by Larry Fink, reported holding 2,123,592 shares of IBIT as of March 31, 2025, valued at $99.4 million, up from 1,691,143 shares on December 31, 2024. The fund added $30 million in Bitcoin ETFs in the first quarter.

Separately, VanEck, a $120 billion asset manager, has urged the U.S. government to consider purchasing Bitcoin for the country's strategic reserve.

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