- BlackRock boosts Bitcoin firm stake to 5%, reflecting asset allocation shifts. Stock jumps 2.8% in pre-market trading, reaching $335.
- IBIT ETF ranks 31st globally, holding $55.5 billion. Institutional inflows contribute 75% of new investments in recent times.
BlackRock has raised its stake in a Bitcoin-centered firm to 5%, according to a filing with the U.S. Securities and Exchange Commission on February 6. Managing $11.6 trillion in assets, this move expands BlackRock’s exposure to Bitcoin.
The adjustment reflects shifts in institutional asset allocation. In response, the firm’s stock climbed by 2.8% in pre-market trading, reaching $335 as of February 7. This change underscores ongoing efforts to integrate crypto assets.
The company rebranded itself on February 5, emphasizing its commitment to Bitcoin. It holds 471,107 Bitcoin, valued at approximately $48 billion. For the fourth quarter of 2024, it reported a net loss of $670 million but continues executing its “21/21 Plan” to raise $42 billion over three years through equity and fixed-income instruments.
Liquidity conditions keep improving as Bitcoin holds the $97K-$98.5K range.
No need to overcomplicate—BTC is gearing up for another shot at $100K.
As long as fundamentals keep strengthening, it’s just a matter of time. pic.twitter.com/zABcBfFi2Y
— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) February 7, 2025
Securing $20 billion via convertible notes and debt issuance supports this plan. Rebranding confirms its dedication to a Bitcoin-centered approach, eliciting clear market reactions.
BlackRock also advanced its digital asset activities through its spot Bitcoin ETF, IBIT
According to VettaFi data as of January 31, IBIT ranks 31st globally among ETFs operating in traditional finance and digital asset sectors. The fund holds $55.5 billion in assets and accounts for 48.7% of all U.S. spot Bitcoin ETF holdings, as reported by Dune. Institutional inflows into Bitcoin ETFs contributed roughly 75% of new investments during the recent period; ETHNews data confirms these figures and supports investor decisions.
Rebranding on February 5 underscores the company’s dedication to Bitcoin
Holding 471,107 Bitcoin valued at approximately $48 billion, the company makes a substantial bet on Bitcoin’s future value. Despite reporting a net loss in the fourth quarter of 2024, the “21/21 Plan” indicates a long-term approach to raising capital through various financial instruments.
Spot Bitcoin ETF (IBIT) holding $55.5 billion in assets and accounting for nearly half of all U.S. spot Bitcoin ETF holdings demonstrates the scale of institutional involvement. Ranking among global ETFs further cements its position in the digital asset market.
As of February 7, 2025, IBIT is trading at $55.44, reflecting a slight increase of 0.00581% from the previous close. The day’s trading range has been between $55.16 and $57.05, with an opening price of $56.75 and a trading volume of 22,672,834 shares.
Technical indicators suggest a cautiously optimistic outlook. The Relative Strength Index (RSI) is at 57.496, indicating a neutral to slightly bullish momentum.
Moving averages present a mixed picture: while the 5-day simple moving average signals a ‘Sell,’ the 10-day and 20-day averages indicate ‘Buy’ signals, suggesting potential short-term gains.
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