BlackRock’s Bitcoin ETF Soars with $4B Accumulation in Two Weeks

BlackRock, the world’s largest asset manager, has significantly ramped up its Bitcoin holdings through its spot Bitcoin ETF, IBIT, according to on-chain analytics account @lookonchain. Over the past two weeks, IBIT has added 41,452 BTC—worth nearly $4 billion—to its reserves, bringing its total Bitcoin holdings to 614,639 BTC. At current market prices, that amounts to approximately $58.07 billion in digital assets under management.

This aggressive Bitcoin accumulation puts BlackRock well ahead of Strategy, the firm formerly known as MicroStrategy, which is also known for its heavy investment in the flagship cryptocurrency. Founded by Bitcoin advocate Michael Saylor, Strategy recently announced the purchase of 1,895 BTC for around $180 million. This followed an even larger acquisition of over $1.2 billion in BTC just the week before. In total, Strategy now holds 555,450 BTC—valued at roughly $38 billion.

BlackRock’s recent activity highlights a growing trend among institutional investors embracing Bitcoin as a long-term asset. With Bitcoin ETFs now active and gaining traction, traditional financial giants like BlackRock are fueling demand and driving institutional adoption. This surge in accumulation not only solidifies IBIT's dominance in the ETF space but also reflects broader market confidence in Bitcoin’s future potential.

The continued race between BlackRock and Strategy underscores the intensifying competition among major players to secure a significant stake in Bitcoin, especially as market momentum builds amid rising crypto adoption and bullish long-term forecasts. As ETFs continue to provide easy access to Bitcoin exposure, institutional buying pressure could play a pivotal role in shaping the next phase of the cryptocurrency market.