{"id":135896,"date":"2024-08-21T08:00:14","date_gmt":"2024-08-21T05:00:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=135896"},"modified":"2024-08-21T02:25:41","modified_gmt":"2024-08-20T23:25:41","slug":"blackrock-becomes-third-largest-bitcoin-holder-with-almost-350000-btc","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrock-becomes-third-largest-bitcoin-holder-with-almost-350000-btc\/","title":{"rendered":"BlackRock Becomes Third-Largest Bitcoin Holder With Almost 350,000 BTC"},"content":{"rendered":"

This significant accumulation comes as BlackRock strengthens its foothold in the cryptocurrency market, driven by the success of its Bitcoin<\/a><\/strong>-focused ETFs and increased institutional interest. The firm\u2019s change in approach is notable, especially given that BlackRock\u2019s CEO, Larry Fink, once openly criticized Bitcoin as a speculative asset. Over the years, his views have shifted, and he now regards Bitcoin as an important international asset with transformative potential.<\/p>\n

The iShares Bitcoin Trust (IBIT), launched by BlackRock earlier this year, has been a key factor in the firm\u2019s growing Bitcoin reserves. Institutional investors have flocked to the fund, pushing BlackRock\u2019s BTC holdings<\/a> <\/strong>to nearly 350,000. For comparison, only Satoshi Nakamoto\u2019s estimated 1.1 million BTC and Binance\u2019s 550,000 BTC holdings surpass this figure.<\/p>\n

Bloomberg\u2019s ETF analyst, Eric Balchunas, pointed out<\/a><\/strong> that U.S. ETFs could soon surpass Satoshi\u2019s holdings, with BlackRock on track to become the largest Bitcoin holder by next year.<\/p>\n