BlackRock holds over 550,000 Bitcoins, with a market value exceeding $52 billion.
As of December 30, 2024, BlackRock holds 552,554 Bitcoins in its spot Bitcoin ETF (IBIT), accounting for approximately 2% of the total Bitcoin supply, with a holding market value exceeding $52.156 billion. This data was disclosed by BlackRock and reflects the long-term optimism of traditional financial giants towards Bitcoin and the ongoing institutionalization trend in the crypto market.
🔺 Opinion Analysis
BlackRock's significant increase in Bitcoin holdings marks the recognition of cryptocurrency assets by mainstream financial institutions, especially against the backdrop of gradually clearer regulations. Its successful advancement of the Bitcoin ETF provides institutional investors with a compliant way to enter the crypto market. At the same time, such centralized holdings have raised market concerns about potential price manipulation and liquidity risks.
🔺 Personal Opinion
BlackRock's massive holdings will undoubtedly provide support for Bitcoin prices, but it also means the market is becoming more dependent on the attitudes and actions of large institutions. If more traditional financial giants join similar positions in the future, the decentralized nature of Bitcoin may further weaken. Investors need to pay attention to the actions of institutions like BlackRock in the market, as this could be a key variable for future price fluctuations.