BlackRock raises Bitcoin exposure to $5.4 billion with fresh ETF and miner investments
By: bitcoin ethereum news|2025/05/05 19:00:07
0
Share
The world’s largest asset manager BlackRock increased its exposure to Bitcoin in Q1 of 2025, according to its latest 13F filing. The filing shows that the firm bought shares of its own spot Bitcoin exchange-traded fund (ETF) while also investing in competing ETFs for the first time. According to the filing, BlackRock’s position in IBIT grew by 124.7% between Q4 of 2024 and Q1 of 2025, as it bought an additional 3,248,304 shares of IBIT. This increased its total holdings to over 5.8 million shares worth $273.99 million. Beyond buying more of its own ETF, the company also acquired 70,971 shares in Fidelity’s FBTC, 200 shares in Grayscale’s GBTC, and 40 shares in GBTC mini. This marks the first time that BlackRock will invest in competing Bitcoin ETFs, showing an evolution of its strategy. Interestingly, the investment firm also doubled down on acquiring securities and bonds of companies that have exposure to Bitcoin. This translated into increasing its Strategy Class A shares by 28% to 14.42 million shares. BlackRock alone now owns over $4 billion worth of Strategy shares. It is also on track to own more, given that it also acquired over 620,000 MSTR Series A Perpetual shares, bought almost 15 million shares of two MSTR commercial notes. Overall, the firm’s exposure to MSTR is worth over $4.23 billion, accounting for the majority of its $5.43 billion in Bitcoin investments. Meanwhile, BlackRock also increased its investment in Bitcoin miners during the first quarter. It bought an additional 2.5 million shares in Riot Platforms and 3.8 million shares in MARA Holdings. The two are its most held miners, with 27 million and 53.9 million shares respectively. However, it also increased exposure to TeraWulf, Bitdeer, and BitDigital, showing that it is allocating heavily to the sector despite the challenges that most Bitcoin miners are facing. BlackRock exposure to IBIT increase by more than 13,000% YoY BlackRock’s increasing allocation to Bitcoin-focused products and companies is not completely surprising, as it aligns with its decision to include these products in some of its model portfolio offerings. The firm disclosed a few months ago that it would allocate 1% to 2% of its IBIT ETF to selected model portfolios. It said at the time that the addition is part of its move to diversify these portfolios, which focus on investors who are less risk averse and have higher growth targets. Over the past year, the firm’s exposure to its own IBIT shares has increased by more than 13,500%, going from just 43,000 shares at the end of Q1 2024 to 5,853,406 shares by the close of Q1 2025. This shows how much of IBIT demand is coming from in-house. Despite the increasing investment in Bitcoin products, BTC only accounts for a small portion of the company’s assets under management (AUM). BlackRock has over $11 trillion in AUM, which means its BTC exposure of $5.43 billion is less than 0.05% of its overall portfolio. 9% of BTC supply held by public companies and ETFs Still, BlackRock’s allocation to Bitcoin only signals the general trend of exposure by corporate entities to BTC. According to data from Ecoinometrics, ETFs and public companies now control 9% of all Bitcoin supply. Spot Bitcoin ETFs currently hold 5.5% of the total supply, while public companies hold the remaining 3.5%. However, they will likely increase their percentage of holdings in coming months, given that they are the biggest accumulators in the past 18 months. With Strategy announcing plans to expand its Bitcoin acquisition target to $84 billion, the accumulation of BTC by corporate entities will likely increase in the next few years. The rate of accumulation by spot ETFs already exceeds the average BTC rewards mined, and many stakeholders believe that the assets will only become scarcer as more institutions increase exposure. Meanwhile, BTC is currently worth around $94,000 after dropping 1.10% in the past 24 hours. It has been trading within range for the past two weeks. As one user noted, investors should focus on yearly lows of BTC which has been increasing consistently since 2015, except for 2022 and 2023, instead of its all-time highs. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot Source: https://www.cryptopolitan.com/blackrock-bitcoin-5-4-billion-etf-miner/
You may also like

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...

Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.

Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic
Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have a "virtual lane" within a high-throughput blockchain to ensure their transactions can be included.

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized
Essentially, this attribute allows stakeholders to have "virtual lanes" within a high-throughput blockchain, ensuring that their transactions can be included.

2% user contribution, 90% trading volume: The real picture of Polymarket
Is Polymarket a battleground for retail investors or an arena for institutions?

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire
From Oil Prices and Elections to Secret Negotiations, Are the US and Iran Really Heading for a Ceasefire?

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief
The "Orwellian" Term Stymies Pentagon's Supply Chain Risk Label for Anthropic

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers
Hyperliquid has captured this wave of geopolitical market trends with commodity contracts. Decentralized exchanges are moving from internal competition within the crypto industry to a genuine alternative to traditional financial infrastructure, and this direction has only just begun.

Iran War Stalemate: What Signal Should the Market Follow?
Watch the Bond Market

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?
Can technological advancement be guided, or has it already gone beyond our control?

Insider Trading Alert! Will Trump Call a Truce by End of April?
Multiple Accounts Accurately Predict War, Earn $1.8 Million

After establishing itself as the top tokenized stock, does Ondo have any new highlights?
The total market capitalization of the global stock market is about $150 trillion, while the tokenized stocks market is currently only $10 billion in size, making it akin to a nascent super market that has just cracked the door open.

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore
Discussing topics such as governance standards, compliance frameworks, and operational infrastructure within the context of the institutionalization process
From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments
By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...
Who will own the most Bitcoin in 2026
In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
The encryption czar has left, and Trump has muted.
Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…
From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC
Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.
