Bitcoin

Grayscale Bitcoin Trust

BlackRock

<p>BlackRock has just reached a historic milestone by surpassing 20 billion dollars in BTC. This advancement, reported by Arkham, reflects significant growth in its crypto portfolio.</p>
<figure class="wp-block-image size-full"><img decoding="async" width="481" height="475" src="https://www.cointribune.com/app/uploads/2024/06/btc.jpg" alt="Bitcoin Investment" class="wp-image-698579" srcset="https://www.cointribune.com/app/uploads/2024/06/btc.jpg 481w, https://www.cointribune.com/app/uploads/2024/06/btc-300x296.jpg 300w" sizes="(max-width: 481px) 100vw, 481px">
 <figcaption class="wp-element-caption"><em>BlackRock’s Bitcoin holdings (Source: <a href="https://twitter.com/ArkhamIntel/status/1798326786662551752" target="_blank" rel="noopener noreferrer nofollow">Twitter</a>)</em>
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<h2 id="h-blackrock-surpasses-20-billion-dollars-in-btc">BlackRock surpasses 20 billion dollars in BTC</h2>
<p>For the first time, <a href="https://www.cointribune.com/en/bitcoin-etf-blackrock-reaches-20-billion/" target="_blank" rel="noopener noreferrer nofollow">BlackRock</a> has seen the value of its Bitcoin holdings exceed 20 billion dollars. They amount to exactly <strong>20.62 billion dollars</strong>.</p>
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<p>This notable increase is largely attributable to the rise in BTC’s <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">price</a>, which is currently valued at $71,012. This growth demonstrates BlackRock’s growing confidence in the Bitcoin market. It also indicates:</p>
<ul>
 <li><strong>a robust investment strategy,</strong></li>
 <li><strong>a renewed faith in digital assets.</strong></li>
</ul> 
<div class="tradingview-widget-container tradingview--mini-chart">
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
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<h2 id="h-analysis-of-blackrock-s-crypto-portfolio">Analysis of BlackRock’s crypto portfolio</h2>
<p>BlackRock’s overall crypto portfolio has reached a total value of 20.7 billion dollars, with <strong>a net positive variation of 517.54 million dollars</strong>. Besides Bitcoin, BlackRock also holds various altcoins, including:</p>
<ul>
 <li>COLLE,</li>
 <li>UBXS,</li>
 <li>LEOX,</li>
 <li>FAI.</li>
</ul>
<p>These diversified investments reflect a strategy aimed at maximizing returns on crypto assets while distributing risk. For example, its 2.337 million COLLE are valued at $134.69K, despite a slight decrease of $2.51K.</p>
<h2 id="h-blackrock-s-bitcoin-etfs-are-also-on-the-rise">BlackRock’s Bitcoin ETFs are also on the rise</h2>
<p><a href="https://www.theblock.co/data/crypto-markets/bitcoin-etf/spot-bitcoin-etf-onchain-flows" target="_blank" rel="noopener noreferrer nofollow">On-chain flows</a> for BTC ETFs have also shown interesting variations. The BlackRock iShares Bitcoin Trust (<a href="https://www.cointribune.com/en/bitcoin-etf-blackrocks-ibit-skyrockets-50-in-just-5-months/" target="_blank" rel="noopener noreferrer nofollow">IBIT</a>) has indeed briefly <strong>surpassed the Grayscale Bitcoin Trust (GBTC)</strong>.</p>
<p>On May 28, the BTC ETF market in the United States recorded inflows worth 45 million dollars. This marks:</p>
<ul>
 <li><strong>sustained interest in these financial products,</strong></li>
 <li><strong>a positive dynamic for Bitcoin investors,</strong></li>
 <li><strong>an increased confidence in crypto assets.</strong></li>
</ul>
<p>In any case, current trends promise to stimulate further investments in Bitcoin and other digital assets. A new era for investors and the financial sector!</p>
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Bitcoin Hits $71,000: BlackRock’s Holdings Exceed $20 Billion

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