ETF issuer and asset management company BlackRock is expanding its Bitcoin portfolio with billions of dollars with new investments.
On June 17th, BlackRock purchased $250 million worth of Bitcoin (BTC), according to Arkham Intelligence Data. The acquisition is part of a broader accumulation streak that has now reached $1.4 billion for six consecutive days.
BlackRock Buy Streak: 6-day BTC $1.4 billion
BlackRock bought more than $250 million in BTC today, bringing its winning streak to as many as $1.4 billion.
BlackRock has currently purchased BTC for six consecutive days. pic.twitter.com/vjbtlcsgk9
– Arkham (@arkham) June 17, 2025
Shopping comes along with a wave of influx into BlackRock’s iShares Bitcoin Trust (IBIT). On the same day as the latest BTC purchase, IBIT recorded significant spills by other major publishers such as Fidelity, Ark, and Bitwise.
A strong inflow of funds and stable purchases have followed IBIT’s major milestone, recently becoming the fastest exchange trade fund in history, surpassing $70 billion in managed assets (AUM). The fund reached that mark in just 341 days, crushing the previous record set by the SPDR Gold Shares ETF of 1, 691 days.
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At the press conference, Bitcoin is trading at $104,589, down about 5% last week as geopolitical tensions focused on wider market sentiment. BlackRock’s accumulation streak suggests that the system’s demands remain strong and that the company may be taking advantage of recent price drops to increase its holdings.
With the latest purchase, IBIT currently manages approximately $74.8 billion in assets and holds 670,295 Bitcoin in its portfolio.
Beyond BlackRock, some traditional financial heavyweights have also doubled Bitcoin. Strategy, the largest corporate holder at BTC, has recently made a $1.05 billion purchase, strengthening its long-term bullish stance.
Other major players, including Japan-based Metaplanet and European Blockchain Group, are also continuing to expand their holdings of Bitcoin, increasing institutional adoption across the global market.
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