Stacking Sats Like There’s No Tomorrow: Blackrock Now Owns More Than 363,000 BTC!

Blackrock is buying Bitcoin! The largest Asset Investment Management Fund in the world with trillions under their domain, is stacking Bitcoin for their IBIT ishares product like there's "no tomorrow".

They yesterday purchased more than $94 millions worth of Bitcoin and added on their, already large bag, more Bitcoins totalizing now more than 363,000 in HODLings. This is a huge portfolio for a company that until January didn't had any Bitcoin on their balance sheet to now be one of the major ETF holding the most Bitcoins around the market.

If we look back, Blackrock started to acquire Bitcoin for their Exchange Traded Fund in January and since them, they have accumulated more than $23B and that's not all. The company doesn't show signs of stopping and will likely keep buying and soon HODL more than 500,000 Bitcoin alone.

This is showing that the financial sector is changing gears and heading to decentralized finances industry and Bitcoin their asset of preference. Imagine that all ETFs combined now hold more than 700,000 Bitcoin and keep going! And you keep ignoring the market. Time to give it a more close look! Remember:

CONTENT IS KING!