BlackRock now holds over 567,000 BTC, valued at over $47 billion

BlackRock CEO Larry Fink previously praised Bitcoin as digital gold and said that most investors should have a small Bitcoin allocation.

BlackRock, the world’s largest asset manager with approximately $11.6 trillion in assets under management, currently holds over 567,000 Bitcoin (BTC), valued at over $47.8 billion — making the asset manager one of the largest holders of BTC in the world.

According to Arkham Intelligence, the asset manager’s most recent BTC acquisition occurred on March 14 when a Coinbase Prime wallet transferred 268 BTC, valued at over $22 million, to the asset manager’s iShares Bitcoin ETF (IBIT) wallet.

Tracking onchain funds to and from BlackRock. Source: Arkham Intelligence

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