BlackRock Accumulates $50 Billion in Bitcoin Holdings
- BlackRock has amassed $50 billion worth of Bitcoin in 2024.
- MicroStrategy acquired $24 billion in Bitcoin last year.
- Fidelity accumulated $20 billion worth of Bitcoin.
- BlackRock’s portfolio also includes $3.6 billion in Ethereum and $68.5 million in USDC.
- The company is currently selling off some of its Bitcoin holdings.
Arkham reports that BlackRock, with over $10 trillion under management, has built a significant Bitcoin reserve but is now reducing its holdings. Meanwhile, MicroStrategy and Fidelity have made substantial investments in the cryptocurrency.
