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

BlackRock’s IBIT boosts Bitcoin holdings with 6,470 BTC
BlackRock's spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has added 6,470 BTC to its holdings following a slight dip in the cryptocurrency's price from its recent all-time high. With this addition, IBIT now holds a total of 563,134 BTC, valued at $59.4 billion. BlackRock's confidence in Bitcoin investment seems to be growing, as it has led the majority of spot Bitcoin ETF inflows for three consecutive days. The price of Bitcoin currently sits at $105,477, up by 3.7% in the past 24 hours and over 8% in the past week. It remains to be seen if the rally will continue after President Donald Trump's inauguration, as the crypto industry looks forward to potential developments like a national Bitcoin reserve. MicroStrategy remains the largest corporate Bitcoin holder, followed by MARA Holdings and Riot Platforms. Notably, BlackRock had purchased $1 billion worth of Bitcoin in December 2024, just before a sharp price decline.

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