BlackRock Surpasses 100,000 Bitcoin in Management

BlackRock Surpasses 100,000 Bitcoin in Management Through iShares Bitcoin Trust

BlackRock, a prominent global investment management firm, has made waves in the financial world by surpassing 100,000 Bitcoin in management through its iShares Bitcoin Trust (IBIT). This notable milestone reflects BlackRock’s assertive approach to Bitcoin investment since IBIT’s launch in January 2024. In just over a month, the firm has multiplied IBIT’s holdings by an astonishing 3,700%, demonstrating its dedication to embracing digital assets during a time of growing institutional interest in cryptocurrencies.