Close Menu
    Facebook X (Twitter) Instagram
    Thursday, July 10
    X (Twitter) Instagram LinkedIn YouTube
    Chain Tech Daily
    Banner
    • Altcoins
    • Bitcoin
    • Crypto
    • Coinbase
    • Litecoin
    • Ethereum
    • Blockchain
    • Lithosphere News Releases
    Chain Tech Daily
    You are at:Home » BlackRock fuels BTC stash with another $126M, closes in on Satoshi as ETF booms
    Crypto

    BlackRock fuels BTC stash with another $126M, closes in on Satoshi as ETF booms

    James WilsonBy James WilsonJuly 10, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The asset manager is not slowing down on its accumulation and is growing its stash by the day.

    BlackRock recently bought another 1,136 Bitcoin (BTC), valued at approximately $126.3 million. The purchase marks the latest in a quiet but aggressive accumulation streak that has quickly made the firm one of the largest Bitcoin holders globally.

    With a portfolio of over 702,000 BTC, the asset manager and ETF issuer has overtaken long-time giants like MicroStrategy and Binance, all within months of beginning its acquisition. At this pace, the firm is now within striking distance of the largest wallet in history, the 1.1 million stash belonging to Bitcoin’s anonymous creator, Satoshi Nakamoto.

    ⚡ JUST IN: BlackRock has purchased 1,136 Bitcoin worth $126.25 million — bringing its total holdings to a staggering 702,000 $BTC.

    Do you see where this is going? 🧠 pic.twitter.com/keZdrz2Ish

    — CryptosRus (@CryptosR_Us) July 10, 2025

    Much of BlackRock’s accumulation is tied to inflows into its spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT). Since launched in January 2024, IBIT has consistently ranked as the top-performing ETF by daily volume and net inflows, pulling a cumulative $76 billion in asset under management (AUM).

    BlackRock’s latest purchase also comes amid a broader surge in demand and trading activity across the spot ETFs. The funds’ latest inflows topped $211 million, driven in part BTC’s recent rally to a new all time high of $111,970 on July 9.

    While the crypto market giant has since adjusted hands to trade slightly over $111,000 at the time of writing, the uptick marked an approximate 12.5% rise from the month’s low of $99,500, renewing bullish sentiment across the funds and broader ecosystem.

    BlackRock fuels BTC stash with another $126M, closes in on Satoshi as ETF booms - 1
    BTC’s price chart | Source: crypto.news

    The price rise also closely ties with rising institutional capital flows, such as the absorption of roughly 245,000 BTC by the ETFs in Q2 alone, just over 1% of the total Bitcoin supply. Of this number, BlackRock accounts for roughly 55%. 

    Meanwhile, BlackRock and the ETFs are not the only ones loading up on Bitcoin. Strategy, the Michael Saylor-led corporate treasury firm is similarly growing its stack with consistent purchases. Japan-based Metaplanet has also ramped up its buying spree, aiming to become one of the asset’s largest holders by 2027.

    Beyond them, more companies are turning to Bitcoin as a strategic reserve asset, allocating millions to boost their various portfolios.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleEthereum rises beyond $2,800 nearing 10-year anniversary
    Next Article further gains or return to range lows?
    James Wilson

    Related Posts

    Bitstamp vs Coinbase: Best Crypto Exchange in Europe? 2025

    July 10, 2025

    A Non-custodial Crypto Payment Gateway

    July 10, 2025

    NOWNodes Review: Blockchain APIs and Nodes

    July 10, 2025
    Leave A Reply Cancel Reply

    Don't Miss

    Bitstamp vs Coinbase: Best Crypto Exchange in Europe? 2025

    Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

    A Non-custodial Crypto Payment Gateway

    NOWNodes Review: Blockchain APIs and Nodes

    About
    About

    ChainTechDaily.com is your daily destination for the latest news and developments in the cryptocurrency space. Stay updated with expert insights and analysis tailored for crypto enthusiasts and investors alike.

    X (Twitter) Instagram YouTube LinkedIn
    Popular Posts

    Bitstamp vs Coinbase: Best Crypto Exchange in Europe? 2025

    July 10, 2025

    Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

    July 10, 2025

    A Non-custodial Crypto Payment Gateway

    July 10, 2025
    Lithosphere News Releases

    Imagen Network (IMAGE) Launches RLUSD-Based Components for Stable AI-Powered Social Transactions

    July 10, 2025

    AGII Expands Deployment Control Systems for Predictable Smart Contract Handling

    July 9, 2025

    Imagen Network (IMAGE) to Integrate Advanced Llama 4-Based AI for Multimodal Personalization

    July 9, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.