Within just one year, the asset management behemoth BlackRock (NYSE: BLK) has become a major Bitcoin (BTC) hodler as it acquired a total of 572,616 BTC since the launch of its iShares Bitcoin Trust ETF (IBIT).
Unlike many of its peers, the finance giant opted not to sell during the recent cryptocurrency selloff, initiated as a spillover from the technology sector in the wake of DeepSeek’s release, and it has loaded up on an additional 11,000 BTC in the last 7 days.
Such activity ensured that the total value of BlackRock’s Bitcoin holdings, at press time on January 29, amounts to a high $62.25 billion, per the data Finbold retrieved from Arkham.
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Furthermore, the latest buying activity means that the asset manager purchased approximately 21,000 BTC in the first 29 days of 2025.
IBIT up in 2025 despite market volatility
Looking at the performance of the exchange-traded fund (ETF) itself – IBIT – the buying activity appears in line with the asset’s performance. For example, though the latest drop, which led to Bitcoin falling toward $98,000 on Monday, January 27, the ETF remains 9.47% in the green year-to-date (YTD) at $58.07.
Additionally, the fund is up an impressive 84.70% since it launched in January 2024, having gained $26.59 per share within the time frame.
BlackRock buys BTC for eight days straight while others keep selling
Despite not being the only major Bitcoin ETF manager, BlackRock is in a somewhat unique position. Not only has it been on a continuous eight-day buying spree, but most of its peers have been selling during the dip.
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