BlackRock Adds 703.7 BTC to Treasury in $77M Purchase

BlackRock, the world’s largest asset manager, has expanded its Bitcoin holdings again. On-chain data shows the firm added 703.7 BTC worth $77 million to its treasury through its IBIT Bitcoin ETF. The move highlights BlackRock’s steady accumulation strategy. As institutions continue to deepen their exposure to the leading cryptocurrency.

On-chain Transfers Confirm Accumulation

According to Arkham Intelligence, the fresh purchase was distributed across multiple ETF-linked custody wallets. Several transactions of 300 BTC each, valued at over $32 million apiece. It was recorded within a span of five hours. The transfers came from BlackRock’s internal IBIT Bitcoin ETF wallets. With some flows routed through Coinbase Prime, the firm’s custodian partner.

The largest single inflow involved 300 BTC worth $32.81 million. It confirms BlackRock’s consistent scaling of its ETF reserves. Other wallet addresses tied to IBIT, including bc1qv, bc1qd, and bc1q4, each received 300 BTC in separate transfers. These transactions highlight how BlackRock spreads its holdings across multiple custodial addresses. A standard security practice among institutional investors.

IBIT’s Role in Institutional Adoption

The iShares Bitcoin Trust (IBIT) has become the world’s largest spot Bitcoin ETF since its approval in January 2024. With more than $98 billion in assets under management. IBIT is now one of the most important vehicles for traditional investors to access Bitcoin. BlackRock’s recent purchase reinforces its long term view of Bitcoin as a reserve asset. Unlike short-term speculative moves. These inflows are structured to support ETF demand from investors seeking regulated exposure. With Bitcoin’s price hovering near the $110,000 mark. The latest addition positions BlackRock to capture further upside if institutional inflows continue.

Institutional Flows Remain Strong

BlackRock’s consistent buying comes amid a broader wave of institutional accumulation. Data from on-chain trackers shows continued inflows to Bitcoin ETFs. Even during recent market volatility. Analysts note that BlackRock’s strategy of frequent, evenly sized purchases helps reduce market impact. While signaling confidence to other institutional players. The timing of the $77 million acquisition also aligns with renewed interest in Bitcoin from pension funds and wealth managers. This follows a string of positive regulatory developments in the United States. Where ETFs have opened the doors for retirement accounts and large funds to allocate capital directly into Bitcoin.

What It Means for the Market

For retail traders, BlackRock’s steady accumulation is a strong vote of confidence in Bitcoin long term value. Unlike short-term whale trades that often trigger market swings. BlackRock’s ETF purchases tend to act as price stabilizers, locking supply away in regulated custodial wallets. At the same time, the firm’s aggressive expansion of its Bitcoin ETF could put pressure on competitors. Other issuers, such as Fidelity and Ark Invest, are also growing their assets under management. But none have matched the scale of IBIT’s inflows. With BlackRock leading the pack, its moves carry weight across the global investment landscape.

Long-Term Implications

The addition of 703.7 BTC may seem modest compared to BlackRock’s overall holdings. But it fits the firm’s broader strategy of gradual, consistent growth. If Bitcoin maintains institutional demand through ETFs. The supply shock from long term holders like BlackRock could become a key driver for future price appreciation. Currently, on-chain data confirms that BlackRock is not slowing down. With nearly $100 billion already parked in IBIT, its latest purchase only strengthens the case. That Bitcoin is cementing itself as a core institutional asset class.