BlackRock owns more than 3% of all Bitcoins
Last Updated on 15 June 2025 by CryptoTips.eu
BlackRock, the world’s largest investment fund led by CEO Larry Fink, has already bought so many Bitcoins with its investment fund iBit that it now owns 3% of the entire stash of 21 million. That is more than Satoshi Nakamoto (the anonymous inventor of Bitcoin) and Strategy, the investment company of Michael Saylor. That boring ad for boomers that BlackRock launched in January 2024 to promote iBit has worked very well.
iBit
In January 2024, BlackRock finally received approval for a Bitcoin Spot ETF, six months after its initial application, marking a major turning point in the institutional adoption of crypto.
Ever since then, the financial giant has steadily increased its Bitcoin holdings. According to the latest calculations, BlackRock now owns 3% of all Bitcoins available.
In practice, these Bitcoins are held by iShares Bitcoin Trust (IBIT), the fund behind BlackRock’s Bitcoin Spot ETF.
Advantages
The accumulation of Bitcoin by BlackRock and other Wall Street companies has several consequences for the market. On the one hand, it reduces the available Bitcoin supply, which could potentially lead to a price increase. The fewer Bitcoins there are for sale, the more the price rises. On the other hand, it strengthens the legitimacy of Bitcoin as an investment object. When financial behemoths of Wall Street such as BlackRock invest heavily in Bitcoin, it sends a strong signal to other institutional investors.
On the other hand, some claim that BlackRock can now manipulate the market whenever it wants. Simply sell a large number of Bitcoins to make the market panic and then buy them again cheaper.
