BlackRock's Bitcoin Holdings Surpass 350,000, Ranking Third Globally
BlackRock's Growing Bitcoin Portfolio
BlackRock's aggressive push into Bitcoin has brought its holdings to nearly 350,000 BTC, making it the third-largest holder globally after Satoshi Nakamoto and Binance, according to on-chain data. This substantial accumulation comes as BlackRock continues to establish itself as a dominant player in the cryptocurrency space, driven by its various ETF products and growing interest from institutional investors.
Shift in Perspective
BlackRock's entry into Bitcoin has been a major turning point for the industry. Historically, BlackRock CEO Larry Fink was a vocal skeptic of Bitcoin, dismissing it as a speculative and potentially dangerous asset. However, his stance has undergone a radical transformation over the past years. Fink now sees Bitcoin as an essential asset within a diversified investment strategy, reflecting the broader acceptance of cryptocurrencies among institutional players.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.