BlackRock buys $1.4B Bitcoin over six-day streak amid ETF boom
ETF issuer and asset management firm BlackRock is expanding its Bitcoin portfolio with billions of dollars in fresh investments.
According to Arkham Intelligence data, on June 17, BlackRock purchased $250 million worth of Bitcoin (BTC). The acquisition is part of a broader accumulation streak that has now spanned six consecutive days, bringing the firm’s total Bitcoin investment during this period to $1.4 billion.
The buying spree comes alongside a wave of inflows into BlackRock’s iShares Bitcoin Trust (IBIT), which has consistently led all spot Bitcoin ETFs in net inflows over the past week. On the same day as its latest BTC purchase, IBIT recorded approximately $639.2 million in net inflows, even as other major issuers like Fidelity, ARK, and Bitwise posted significant outflows.
The strong influx of funds and steady buying also follow a major milestone for IBIT, which recently became the fastest exchange-traded fund in history to surpass $70 billion in assets under management (AUM). The fund reached that mark in just 341 days, crushing the previous record of 1,691 days set by the SPDR Gold Shares ETF.
At press time, Bitcoin is trading at $104,589, down roughly 5% over the past week as mounting geopolitical tensions weigh on broader market sentiment. BlackRock’s accumulation streak suggests that institutional demand remains strong and that the firm may be capitalizing on the recent price dip to increase its holdings.
With the latest purchases, IBIT now manages approximately $74.8 billion in assets and holds 670,295 Bitcoin in its portfolio.
Beyond BlackRock, several traditional financial heavyweights are also doubling down on Bitcoin. Strategy, the largest corporate holder of BTC, recently made a $1.05 billion purchase, reinforcing its long-term bullish stance.
Other major players, including Japan-based MetaPlanet and Europe’s The Blockchain Group, have also continued to grow their Bitcoin holdings, signaling widening institutional adoption across global markets.
