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The purchase increases the holdings of the iShares Bitcoin Trust to 559,262 BTC, valued at approximately $58.51 billion, and reflects growing institutional interest in Bitcoin as a long-term investment.
At the World Economic Forum in Davos, BlackRock CEO Larry Fink shared an optimistic outlook on Bitcoin, positioning it as a potential hedge against currency debasement and political instability. He suggested that Bitcoin could reach values of $500K to $700K per coin, presenting it as a global financial tool to overcome concerns about local economic uncertainty. However, Fink also pointed out Bitcoin’s notorious volatility, acknowledging that its price has seen sharp corrections even during bullish periods.
In a significant move, BlackRock has purchased $600 million worth of Bitcoin, marking its largest acquisition in 2025. This purchase brings the firm’s iShares Bitcoin Trust to a total of 559,262 BTC, currently valued at approximately $58.51 billion. BlackRock has also expanded its crypto portfolio, launching the iShares Bitcoin Trust and iShares Ethereum Trust last year, offering investors more direct access to Bitcoin and Ethereum.
As the firm continues to strengthen its position in the digital assets market, the recent purchase highlights growing institutional interest in Bitcoin as a long-term investment despite its volatility.
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