The BlackRock Bitcoin ETF spot recently added 6,470 BTC to its holdings after the digital currency fell slightly from its recent all-time high of $109k.
It is Jan. 21, data from BitcoinTreasuries shows iShares Bitcoin Trust increased by 6,470 BTC (worth $682.43 million) reaching a total of 563,134 BTC (BTC). The Black Rock IBIT Bitcoin holdings are currently valued at $59.4 billion based on current market prices.
BlackRock's IBIT has led the most spot Bitcoin ETF inflows for three days in a row. On the same day he bought Bitcoin, IBIT saw $661.9 million go into his fund, as before reported by crypto.news.
BlackRock's confidence in the BTC investment seems to be growing, especially after the digital currency hit a new all-time high of $109,020. In fact, iShares Bitcoin holdings saw a spike in its value on January 16 to January 17, reaching as high as $1.3 trillion.
The Bitcoin exchange rate is going down against the previous high. according to data from crypto.news, the price of Bitcoin is now at $105,477, having increased by 3.7% in the last 24 trading hours. In the past week, BTC has increased by more than 8%.
It remains to be seen whether Bitcoin's rally will continue after the President Donald Trump set up as more traders look forward to advances in the crypto industry, such as the national Bitcoin Reserve which Trump has promised to establish to make the United States the “crypto capital” of the world.
by Michael Saylor Microstrategy remains the largest corporate Bitcoin holder, having purchased 11,000 Bitcoin worth $1.1 billion on the day of purchase. MicroStrategy's Bitcoin holdings amount to 461,000 BTC, ranked first by MARA Holdings and Riot Platforms.
Back in December 2024, IBIT's parent company, BlackRock, had bought $1 billion worth of Bitcoin just before the sharp decline in BTC price.
