BlackRock Buys $50 Million in Bitcoin Amid Dip in the Past Week

$10 trillion asset manager BlackRock has bought nearly $50 million in Bitcoin as other asset managers are selling in the past week. Arkham Intelligence data highlights the recent buying and selling activity among major financial institutions managing spot Bitcoin ETFs. The platform’s recent data reveals that BlackRock acquired around 515 BTC, worth just over $49M at press time.

Grayscale Investments and Invesco recently offloaded part of their Bitcoin stash for unknown reasons. Bitcoin has been up and down in 2025 thus far but is overall up by over 6% in the past month. BlackRock, which is the world’s largest asset manager by total asset value, still appears highly confident in the cryptocurrency despite mixed market sentiment. BlackRock currently holds approximately $60 billion in Bitcoin.

On the broader Bitcoin ETF market, there have been two consecutive days of net outflows. Data from Farside Investors show that out of the 11 asset managers, only BlackRock recorded positive Bitcoin ETF inflows over the past two days. In addition, with the latest purchase, BlackRock now holds 2.7% of the entire Bitcoin supply. With institutional players repositioning, retail investors remain observant, watching Bitcoin’s price.

Also Read: Can Bitcoin (BTC) Reach $300,000 in 2025?

Furthermore, besides ETF owners increasing their holdings, several institutions are also increasing their ETF holdings themselves. Goldman Sachs is one of the latest banks to increase its Bitcoin ETF holdings. As of Q4, the financial giant holds $1.57 billion worth of BTC ETF products, up from $710 million in Q3. Correspondingly, the rise translates to a 121% increase over one quarter.

Bitcoin is trading just north of $97,000 at press time. Price predictions for the asset are bullish, suggesting several new all-time highs this year. According to CoinCodex, Bitcoin (BTC) will continue to rally over the coming months. The platform anticipates the asset to breach its current peak on Feb. 19, 2025. CoinCodex predicts BTC to hit a new peak of $159,134 on May 8, 2025. Additionally, hitting $159,134 from current price levels will entail a rally of over 60%.