BlackRock’s IBIT boosts Bitcoin holdings with 6,470 BTC

BlackRock’s Bitcoin Spot ETF recently added 6,470 BTC to its holdings after the cryptocurrency fell slightly from its recent all-time high at $109,000.

It’s January. 21, data from BitcoinTreasuries shows that iShares Bitcoin Trust holdings increased by 6,470 BTC (worth $682.43 million) to a total of 563,134 BTC (BTC). Black Rock IBIT Bitcoin holdings are currently valued at $59.4 billion based on current market prices.

BlackRock’s IBIT dominated the majority of Bitcoin ETF spot flows for three consecutive days. On the same day of the Bitcoin purchase, IBIT saw $661.9 million enter its fund, as before. reported by crypto.news.

BlackRock’s confidence in BTC investments appears to be growing, especially after the cryptocurrency hit a new all-time high of $109,020. In fact, the value of iShares’ Bitcoin holdings soared from January 16 to 17, reaching $1.3 trillion.

Bitcoin price has slowly retracted from its previous high. According to data According to crypto.news, the price of Bitcoin now stands at $105,477, having increased by 3.7% in the last 24 hours of trading. Over the past week, BTC has increased by over 8%.

It remains to be seen whether Bitcoin’s rally will continue after the presidential election. that of Donald Trump inauguration as more traders look forward to advancements in the crypto industry, as the national Bitcoin Reserve which Trump has pledged to establish in order to make the United States the “crypto capital of the world.”

Michael Saylor Microstrategy remains the largest Bitcoin holding company, having purchased 11,000 Bitcoins worth $1.1 billion on the day of purchase. MicroStrategy’s Bitcoin holdings stand at 461,000 BTC, ranking first, followed by MARA Holdings and Riot Platforms.

As of December 2024, IBIT’s parent company, BlackRock, had bought 1 billion dollars of Bitcoin just before the sharp drop in the price of BTC.