BlackRock’s BTC Buying Spree: The Satoshi Slayer?

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It seems BlackRock is on a mission to give Satoshi Nakamoto a run for their money – literally. The asset manager has just splurged another $126.3 million on 1,136 Bitcoin (BTC), because who needs a beach house when you can have a stash of crypto, am I right? 🤷‍♀️

This latest purchase brings BlackRock’s total BTC holdings to a whopping 702,000, making them one of the largest Bitcoin holders globally. And, might I add, they’re giving those crypto bros at MicroStrategy and Binance a serious run for their money. 💸

But wait, it gets even better. BlackRock is now within striking distance of Satoshi Nakamoto’s infamous 1.1 million BTC stash. I mean, who wouldn’t want to be the proud owner of a million Bitcoins? It’s like the ultimate crypto flex. 💪

⚡ JUST IN: BlackRock has purchased 1,136 Bitcoin worth $126.25 million — bringing its total holdings to a staggering 702,000 $BTC.

Do you see where this is going? 🧠

— CryptosRus (@CryptosR_Us) July 10, 2025

So, what’s behind BlackRock’s BTC buying spree? Well, it seems their spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), is raking it in. Since its launch in January 2024, IBIT has consistently ranked as the top-performing ETF by daily volume and net inflows, pulling in a cool $76 billion in assets under management (AUM). Not too shabby, if you ask me. 🤑

And, it’s not just BlackRock that’s getting in on the action. The spot ETFs are seeing a surge in demand and trading activity, with the latest inflows topping $211 million. I guess you could say the crypto market is heating up, and everyone wants a piece of the action. 🔥

Bitcoin’s recent rally to a new all-time high of $111,970 on July 9 didn’t hurt, either. I mean, who wouldn’t want to buy in when the price is skyrocketing? 🚀

But, let’s get real for a second. The price rise is also closely tied to rising institutional capital flows. I mean, the ETFs absorbed roughly 245,000 BTC in Q2 alone, which is just over 1% of the total Bitcoin supply. And, BlackRock accounts for roughly 55% of that number. So, it’s not just retail investors driving the price up; the big players are getting in on the action, too. 🤑

And, it’s not just BlackRock and the ETFs that are loading up on Bitcoin. Strategy, the Michael Saylor-led corporate treasury firm, is also growing its stack with consistent purchases. Japan-based Metaplanet is aiming to become one of the asset’s largest holders by 2027. I guess you could say the crypto market is getting a little crowded, but in a good way? 🤝

So, what’s the takeaway from all this? Well, it seems Bitcoin is becoming the ultimate strategic reserve asset. Companies are allocating millions to boost their portfolios, and it’s not just the crypto bros who are getting in on the action. The big players are taking notice, and they’re not afraid to throw their money around. 💸

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2025-07-10 16:54