BlackRock hits 700K BTC milestone with latest purchase
2025-07-08 12:24:36

Main Idea
BlackRock's iShares Bitcoin Trust (IBIT) has accumulated over 700,000 BTC, making it the largest holder among US spot Bitcoin ETFs, with significant financial impact and industry attention.
Key Points
1. BlackRock's iShares Bitcoin Trust (IBIT) holds over 700,000 BTC, accounting for roughly 55% of all Bitcoin held by US spot Bitcoin ETFs.
2. The holdings are valued at over $80 billion, following a recent purchase of 1,388 BTC as part of its aggressive accumulation strategy.
3. IBIT now generates more annual revenue ($187.2 million) than BlackRock's long-standing S&P 500 ETF (IVV), despite IVV having significantly more assets under management ($624 billion).
4. Industry figures, including ETF Store president Nate Geraci, have called the 700,000 BTC milestone in 18 months 'ridiculous.'
5. BlackRock led the latest wave of Bitcoin ETF inflows on July 7, accounting for $165 million of the total $217 million recorded.
6. BlackRock's Ethereum ETF is also gaining momentum, nearing $5 billion in assets under management.
Description
Asset manager and ETF issuer BlackRock has been steadily stacking Bitcoin, pushing its holdings to new highs. BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 700,000 BTC ( BTC ), accounting for roughly 55% of the total Bitcoin held across all US spot Bitcoin ETFs. Valued at over $80 billion at current prices, the milestone follows its latest purchase of 1,388 BTC as part of its ongoing aggressive accumulation, according to ApolloSats co-founder Thomas Fahrer. IBIT has recorded immense su...
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