Blackrock now holds over 3% of the total 21 million bitcoin supply through its bitcoin ETF iShares Bitcoin Trust (IBIT). The total holdings is over 683,000 bitcoin, worth over $71 billion.
Blackrock’s provided information: IBIT enables investors to get exposure to bitcoin through the convenience of an exchange-traded product, helping remove the operational, tax, and custody complexities of holding bitcoin directly. IBIT has been the most traded bitcoin exchange-traded product since launch, providing investors with potentially lower transaction costs, is managed by the world’s largest asset manager, and leverages a multi-year technology integration developed with Coinbase Prime, the world’s largest institutional digital asset custodian.