BlackRock has been gobbling up Bitcoin like it’s going out of style. The world’s largest asset manager just added another 205 Bitcoin worth approximately $250 million to its already massive holdings in March 2025. This comes after acquiring 12,600 BTC worth $842 million earlier in the month. They’re not exactly being subtle about it.
BlackRock’s Bitcoin buying frenzy continues with another $250 million acquisition, showing the asset giant isn’t playing small ball anymore.
The investment giant now controls a staggering 573,878 BTC, dwarfing MicroStrategy‘s 193,000 BTC. Remember when MicroStrategy was the big dog in institutional Bitcoin? Not anymore. BlackRock‘s shopping spree included $145 million worth on March 21 and another $105 million the very next day. Talk about weekend plans. MicroStrategy recently purchased an additional 3,000 BTC for $155 million at an average price of $51,813 per Bitcoin.
Their iShares Bitcoin Trust (IBIT) is performing spectacularly. It recorded a $788 million inflow on March 5 alone, crushing its previous high of $612.1 million. IBIT now holds 572,628.2 BTC, worth over $48 billion today. That’s 2.727% of all Bitcoin in existence. Let that sink in. The IBIT now holds slightly less than the 574,083.0 BTC officially reported as of March 25, 2025. Unlike futures-based ETFs, IBIT holds actual Bitcoin in secure vaults while trading on regular stock exchanges.
These purchases are doing wonders for Bitcoin’s price. The cryptocurrency hit $90,000 in March, up from its previous all-time high of $69,044. On-chain activity jumped to 800,000 active addresses. Coincidence? Hardly.
With offices in 30 countries and over $9.2 trillion in assets under management, BlackRock’s Bitcoin bet sends a powerful signal. Bitcoin isn’t just for crypto nerds anymore. It’s becoming a legitimate portfolio tool for the big boys.
The broader ETF market is feeling the effects too. While a group of 10 Bitcoin ETFs saw positive net inflow of 80 BTC on March 6, BlackRock’s IBIT led with 432 BTC that same day. Meanwhile, Grayscale’s GBTC keeps bleeding, reducing holdings to 195,746 BTC.
Analysts predict a key test for Bitcoin at the $90,000-$92,000 zone. But with BlackRock planning to add 1-2% allocation to IBIT in target allocation portfolios, who knows how high it could go? The crypto game has changed. Period.
