BlackRock Deepens Bitcoin Investments with 14% Share Boost

BlackRock has significantly expanded its Bitcoin holdings within a strategic investment portfolio, raising its stake in the iShares Bitcoin Trust (IBIT) by 14%. This increase, as per recent SEC filings, brought the fund’s IBIT share count to 2.39 million, an increment from 2.09 million at the end of June. The surge in Bitcoin’s value, exceeding $91,000, contributed to a 2% pre-market trading increase for IBT shares.