BlackRock, the world’s largest asset manager, added another $1.1 billion worth of Bitcoin to its balance sheet over the past week, buying every single day, according to fresh data from Arkham Intelligence reviewed by Finbold.
The firm now holds 669,523 BTC, valued at $71.68 billion as of June 14, with Bitcoin trading at $107,054. That puts BlackRock within striking distance of the 670,000 mark, a position so large that it now commands direct influence over market structure, ETF flows, and institutional sentiment.
Arkham’s wallet visualisation shows steady, daily accumulation routed through a complex network of custodial wallets, suggesting automated purchase execution aligned with inflows to BlackRock’s iShares Bitcoin Trust (IBIT).
BlackRock builds Bitcoin position
The underlying message? BlackRock sees this not as a volatile asset but as strategic collateral. Bitcoin is being absorbed into long-horizon portfolios, not for quick alpha but for macro hedging, client demand matching, and long-term positioning against fiat dilution. In simpler terms: they’re not betting on price, they’re locking in presence.
This also reshapes the conversation around ETF dynamics. With IBIT continuing to attract institutional capital, every inflow translates directly into spot BTC purchases. The flows are now big enough to create visible impact on-chain, and BlackRock, unlike retail traders, doesn’t chase candles. It builds positioning.
Looking ahead, the question is not whether BlackRock continues to buy this week. It’s whether anyone else can match the pace, with firms like Fidelity and Franklin Templeton lagging behind.
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