BlackRock’s IBIT Holds 620,252 Bitcoin After $2.5 Billion Weekly Buy, Total Value Tops $58 Billion

BlackRock has significantly expanded its Bitcoin holdings, with recent regulatory filings revealing over $5.4 billion in Bitcoin-related assets. The asset manager’s iShares Bitcoin Trust ETF (IBIT) has been a major driver of this accumulation. During the week ending May 2, 2025, BlackRock’s IBIT purchased $2.5 billion worth of Bitcoin, including a single-day inflow of $674.91 million on May 2. IBIT reportedly captured all inflows among Bitcoin ETFs that day. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant