Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BlackRock Boosts Bitcoin Holdings to $58 Billion

BlackRock Boosts Bitcoin Holdings to $58 Billion

CryptodnesCryptodnes2025/01/29 00:00
By:Cryptodnes

Blockchain analytics firm Arkham has revealed that BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, recently expanded its Bitcoin holdings by an additional $1 billion.

This acquisition brings BlackRock’s total Bitcoin stash to 572,616 BTC, valued at approximately $58.43 billion, representing 2.7% of the total Bitcoin supply.

BlackRock’s crypto portfolio also includes $3.75 billion in Ethereum ( ETH ) and $72.02 million in USDC stablecoins, highlighting its growing interest in the digital asset space. The news comes as BlackRock CEO Larry Fink made a bold prediction during the World Economic Forum in Davos, Switzerland, suggesting that Bitcoin could reach prices as high as $700,000 per coin.

Fink attributed this potential growth to sovereign wealth funds increasingly viewing Bitcoin as a hedge against inflation, economic instability, and political uncertainties. He shared insights from recent discussions with a sovereign wealth fund, where the focus was on allocating 2% to 5% of their portfolios to Bitcoin. If such allocations became the norm, Fink argued, Bitcoin could easily surpass half a million dollars per coin and potentially reach $700,000.

READ MORE:
Crypto Token Creation Skyrockets, Forcing Coinbase to Adapt

Fink emphasized Bitcoin’s appeal as an international asset capable of addressing concerns tied to local currency debasement or geopolitical risks, positioning it as a viable hedge alongside traditional securities and equities. BlackRock’s latest investment underscores its confidence in Bitcoin’s long-term potential as an integral part of institutional portfolios.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!