BlackRock Boosts Bitcoin Holdings by 268,000% to $47 Billion
1min read BlackRock, the world’s largest asset manager, has significantly increased its holdings in Bitcoin (BTC), now possessing over 567,000 BTC. This substantial investment is valued at over $47 billion, making blackrock one of the largest holders of BTC globally. The asset manager’s most recent acquisition of BTC occurred on March 14, when a transfer of 268 BTC, valued at over $22 million, was made to the asset manager’s iShares Bitcoin ETF (IBIT) wallet.
In addition to its substantial Bitcoin holdings, BlackRock also holds over 1.2 million Ether (ETH), valued at over $2.3 billion, and approximately 70 million of the USDC (USDC) stablecoin. The asset manager’s portfolio also includes a diverse range of altcoins, further diversifying its cryptocurrency investments. The Bitcoin exchange-traded funds (ETFs) have been widely recognized as one of the most successful ETF launches in history, with asset managers like BlackRock driving tens of billions in liquidity to the crypto markets. This influx of capital has disrupted the cyclical capital rotation that typically characterizes crypto investment.
Despite recent market downturns and macroeconomic uncertainties, BlackRock has continued to invest in cryptocurrencies. The asset manager added IBIT to its model portfolio in February 2025, which are preset investment plans featuring a range of diversified financial instruments and different risk profiles. These portfolios are promoted to asset managers, who then pitch the preset investment plans to investors. The inclusion of an ETF or an asset in the model portfolio can significantly boost inflows into the asset by attracting fresh capital. In the case of IBIT, including the ETF in a preset investment portfolio exposes investors to Bitcoin without requiring them to self-custody the digital asset or make any onchain transactions. This move by BlackRock underscores the growing acceptance and integration of cryptocurrencies into mainstream investment strategies.
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