BlackRock's $IBIT ETF Acquires $600 Million in Bitcoin, Its Largest Purchase This Year

Jan 22, 2025, 05:34 PM

BlackRock Inc. has purchased $600 million worth of Bitcoin through its $IBIT ETF, marking its largest acquisition of the cryptocurrency this year. The purchase was made on January 21, 2025, and involved approximately 6,470 Bitcoins. This move adds to BlackRock's holdings, which now total 561,032 Bitcoins, representing 3.61% of the total Bitcoin supply.