It was an unforgettable week for Bitcoin and cryptocurrency asset classes. Major codes have skyrocketed since Wednesday, surged to a new all-time high of over $111,000. What’s more, it was a huge thing for BlackRock. Asset managers have become the world’s second largest Bitcoin holder amid a historic surge.
The $11 trillion asset manager has been a major supporter of Bitcoin for most of the past two years. In fact, in 2024, it broke new ground when it was one of the original issuers of the landmark spot Bitcoin ETF to go to the market. These products play a major role in the ongoing surge, which continues to reach new heights.
BlackRock is now Satoshi himself chasing himself in Bitcoin Holdings
In April this year, BlackRock’s Headlary Fink discussed the emergence of Bitcoin at a global level. Specifically, he was evident in his belief that BTC could ultimately replace the US dollar as a global reserve asset. His beliefs were strong and rooted in the possibilities that both Fink and investors saw in cryptocurrency.
That continues to happen this year. According to CoinmarketCap, the asset has grown by more than 24% over the past 30 days. Furthermore, price increases have been significantly higher for BlackRock. This is because Procrypt’s asset manager has become the second largest Bitcoin holder at an unprecedented $111,000.
BlackRock will be the second largest Bitcoin holder@BlackRockAlready a major provider #bitcoin ETFs with managed assets continue to increase their holdings of Bitcoin. For many institutional players, #bitcoinetf The most convenient, sometimes the only way… pic.twitter.com/9mwqrbt3ql
– cryptorank.io (@cryptorrank_io) May 21, 2025
According to Cryptorank data, BlackRock maintains 636,000 BTC under its control. This is Samoto, the creator of Bitcoin, which holds an estimated 1.1 million BTC. The development highlights the impact that Bitcoin Trust (IBIT) has had on the overall asset class.
According to Bloomberg, the investment product is currently ranked among the top five US ETFs in annual inflows, Erich Balknas reported. That won’t change anytime soon. Plus, it only further promotes the final approval of crypto-based ETFs. Specifically, tokens such as Solana (Sol) and Ripple (XRP) have currently pending decisions.
