BlackRock, the world’s largest asset manager, has deepened its investment in the cryptocurrency market with the acquisition of 291 Bitcoin valued at approximately $34.4 million and 5,350 Ethereum through its spot exchange-traded funds (ETFs) on July 30, 2025.
The latest purchase raises BlackRock’s total Bitcoin holdings to over 740,000 BTC, further solidifying its position as one of the largest institutional holders of the asset. In addition, the firm now holds over 3 million Ethereum (ETH), representing approximately 2.46% of the total circulating ETH supply.
This development highlights BlackRock’s ongoing commitment to expanding its footprint in the digital assets space, leveraging its ETFs as a gateway for institutional and retail investors to access cryptocurrencies. Since launching its spot crypto ETFs, BlackRock has steadily increased its allocations, signaling strong confidence in the long-term value and utility of blockchain-based assets.
Analysts say the acquisitions are in line with a broader trend of growing institutional interest in digital currencies, particularly amid rising adoption and evolving regulatory clarity in major markets.
BlackRock has not issued an official statement regarding the latest purchases, but the data was confirmed through filings and blockchain transaction tracking platforms.
The firm’s continued accumulation of crypto assets underscores the growing mainstream acceptance of Bitcoin and Ethereum as alternative stores of value and investment vehicles.
Credit: @rovercrc via x.com.
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