Financial giant BlackRock continues its Bitcoin shopping spree, scooping up another 205 BTC on March 26, 2025. This latest acquisition, valued at approximately $21.5 million, pushes their IBIT holdings to a jaw-dropping 572,000 BTC. Not exactly pocket change.
The investment behemoth now commands an estimated 573,878 BTC in total – that’s 2.7% of all Bitcoin in existence. Let that sink in. Only MicroStrategy holds more. With Bitcoin hovering around $105,000 per coin, BlackRock’s crypto stash is worth about $60.6 billion. Billion with a B.
With 573,878 BTC worth $60.6 billion, BlackRock owns 2.7% of all Bitcoin. Only MicroStrategy has more skin in the crypto game.
IBIT has quickly become the world’s largest Bitcoin ETF, with $39.6 billion in assets under management. It dominates 72% of trading volume among U.S. spot Bitcoin ETFs. Not just big – it’s the fastest-growing ETF ever, crushing records left and right as it muscled its way into the top 20 U.S. ETF launches of all time in 2024. The fund’s market cap value reflects its significant presence in the cryptocurrency ecosystem, providing greater liquidity for investors compared to smaller alternatives.
It hasn’t all been smooth sailing, though. IBIT suffered record daily outflows of $418.1 million on February 27, 2025, part of a rough week that saw $741.1 million walk out the door. Early March brought an 11% price drop with over 331 million shares changing hands. Ouch.
Meanwhile, BlackRock’s expanding globally. They launched a Bitcoin ETP in Europe on the same day as their latest purchase, listing on Xetra and Euronext Paris as IB1T and on Euronext Amsterdam as BTCN. This announcement follows their previous acquisition of 6,470 BTC after Bitcoin dipped from its peak of $109,020. Coinbase is handling custody, and they’re offering a reduced 0.15% fee until year-end. Smart move.
CEO Larry Fink is bullish, predicting Bitcoin could hit $500,000 to $700,000. Robert Mitchnick from BlackRock insists we’re still in the early adoption phase. The institutional stamp of approval is transforming Bitcoin from crazy internet money to a “legitimate portfolio tool.” Imagine telling someone that in 2010.
With institutional giants like BlackRock all-in, Bitcoin’s wild west days might be numbered. But the volatility? That’s sticking around for a while.
