BlackRock buys this much Bitcoin since start of 2024
Following the monumental approval of the first spot Bitcoin (BTC) exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC) in January 2024, including the one created by BlackRock (NYSE: BLK), the investment behemoth has continued buying Bitcoin. As it happens, BlackRock Bitcoin stash has been growing as part of its IBIT iShares Bitcoin Trust ETF, and its total holdings of the maiden cryptocurrency currently stand at 359,278 BTC, worth around $22.9 billion, as per the data retrieved from Apollo Bitcoin Tracker on September 25. BlackRock’s spot BTC ETF holdings in 2024. Source: Apollo Bitcoin Tracker BlackRock Bitcoin purchases intensify It is also worth noting that over the previous day, BlackRock’s spot Bitcoin ETF saw as much as $99 million worth of Bitcoin or 1,548 BTC in inflows, the highest amount in a month as the supply increased from 357,730 BTC on September 23 to 359,278 on September 24. ...