BlackRock’s Bitcoin Holdings Surge: ETF Holds Over 2.7% of BTC Supply

BlackRock is making waves in the world of crypto with its growing Bitcoin holdings. The asset manager currently holds an estimated 2.77% of Bitcoin’s circulating supply, equivalent to over 582,000 BTC and worth roughly $56 billion. This figure has continued to rise as BlackRock saw a recent influx of over $1.2 billion in Bitcoin through its spot ETF this week alone, according to blockchain analysis firm Arkham Intelligence.