BlackRock’s spot Bitcoin ETF just lately added 6,470 BTC to its holdings after the cryptocurrency dips barely from its latest all-time excessive at $109k.
On Jan. 21, knowledge from BitcoinTreasuries reveals iShares Bitcoin Belief holdings elevated by 6,470 BTC (value $682.43 million) reaching a complete of 563,134 BTC (BTC). BlackRock’s IBIT Bitcoin holdings are presently valued at $59.4 billion in line with present market costs.
BlackRock’s IBIT has led the vast majority of spot Bitcoin ETFs inflows for 3 days in a row. On the identical day it made the Bitcoin buy, IBIT noticed $661.9 million enter its fund, as beforehand reported by crypto.information.
BlackRock’s confidence in BTC funding appears to be rising, particularly after the cryptocurrency hit a brand new all-time excessive of $109,020. The truth is, iShares’ Bitcoin holdings noticed a spike in its worth on Jan. 16 till Jan. 17, reaching as excessive as $1.3 trillion.
Worth chart for Bitcoin present a pointy improve adopted by a decline because it continues to steadily climb, January 22, 2025 | Supply: crypto.information
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Bitcoin’s worth has slowly retracted from its earlier excessive. In accordance with knowledge from crypto.information, the value of Bitcoin now sits at $105,477, having gone up by 3.7% previously 24 hours of buying and selling. Prior to now week, BTC has elevated greater than 8%.
It stays to be seen whether or not Bitcoin’s rally will proceed within the aftermath of President Donald Trump’s inauguration as extra merchants sit up for strides within the crypto business, such because the nationwide Bitcoin reserve that Trump has vowed to ascertain with the intention to make america the “crypto capital” of the world.
Michael Saylor’s Microstrategy stays the most important company Bitcoin holder, having simply purchased 11,000 Bitcoin value $1.1 billion on the day of buy. MicroStrategy’s Bitcoin holdings quantity to 461,000 BTC, rating first adopted by MARA Holdings and Riot Platforms.
Again in December 2024, IBIT’s father or mother firm, BlackRock, had bought $1 billion value of Bitcoin simply earlier than the sharp decline of the BTC worth.
Learn extra: BlackRock purchased $1 billion value of BTC proper on the eve of the dip. Is {that a} disaster?
