BlackRock Increases Bitcoin Holdings Through Its IBIT Fund to Over 716,000 $BTC .



In an unprecedented development, BlackRock—the world's largest asset manager—has increased its Bitcoin holdings through its IBIT Fund to over 716,000 BTC,
a value exceeding $84 billion, equivalent to 3.6% of the total global supply!

In just 16 days, the company has injected over $400 million additional into BTC, a clear indication of its strong confidence in the market.

Most importantly? The IBIT Fund has become the third-largest source of income in BlackRock's history, after major equity funds like the S&P 500 and Russell 2000.

BlackRock's investment of this magnitude sends a powerful message:

"Bitcoin is no longer a speculative instrument... but rather a formal investment asset for major institutions."

$BTC

#BTC
BTC1.71%
IN-2.96%
CLEAR5.91%
MAJOR2.26%
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