The aggressive acquisition of Bitcoin takes the total Bitcoin holdings investment of BlackRock to around $1.16 billion.
BlackRock also bought $40 million worth of Ethereum, leading to a slight shift in the price of ETH.
BlackRock is continuously working to increase its digital asset holdings, and on April 25, it added another $327.3 million of BTC and acquired around 12,500 BTC in the past three days.
After this acquisition, the total Bitcoin holdings investment of BlackRock stands at around $1.16 billion, showing the immense interest in cryptocurrencies. A Bitcoin and crypto enthusiast posted on X that this move can indicate growing confidence in the crypto market from major financial players.
Following the information of BTC purchase by BlackRock, a sudden spike of 5.2% has been noted in the trading price of Bitcoin, the positivity has been mimicked by its volume, and the prices of other cryptocurrencies, which, the majority of the time, see a ripple effect due to bullishness in Bitcoin.
On April 25, at 11:58 am IST, Crypto Rover reported that BlackRock bought $40 million worth of Ethereum, leading to a slight shift in the price of ETH. As per Arkham Intelligence, BlackRock holds around $1.142 million in Ethereum.
Massive Inflows into iShares Bitcoin Trust ETF
The strategic move of BlackRock is proving beneficial for its iShares Bitcoin Trust ETF, as it has continuously recorded a positive inflow since April 14, according to the data from CoinGlass. On April 24, it recorded a positive inflow of $327.32 million, with a cumulative inflow of $40.96 billion.
A day before, Blackrock’s IBIT witnessed a positive inflow of around $643 million, and it is the biggest inflow in a single day since January 21, 2025.
Nick Ruck, the LVRG Research Director, says:
“The current inflows of the ETF show a revived investor confidence in the store of value proposition of Bitcoin. Also, we could anticipate witnessing Bitcoin in line with the growth of gold in the future.”