It has been an unforgettable week for Bitcoin and the cryptocurrency asset class. The leading crypto has surged since Wednesday, skyrocketing to a new all-time high above the $111,000 mark. Moreover, that has been massive for BlackRock, as the asset manager has quietly become the second-largest Bitcoin holder in the world amid what is a historic surge.
The $11 trillion asset manager has been a big supporter of Bitcoin for much of the last two years. Indeed, it broke new ground in 2024 when it was one of the original issuers of the landmark spot Bitcoin ETFs to go to market. Those products have played a major role in its ongoing surge that has seen it reach new heights continually.
Also Read: Abu Dhabi Reveals $408M Investment in BlackRock’s Spot Bitcoin ETF
BlackRock Now Trails Just Satoshi Himself in Bitcoin Holdings
In April of this year, BlackRock head Larry Fink discussed the emergence of Bitcoin on a global level. Specifically, he was clear in his belief that BTC could eventually replace the US dollar as a global reserve asset. His conviction was strong, and it was rooted in the potential that both Fink and investors saw in the cryptocurrency.
That has continued to come to fruition this year. The asset is up more than 24% in the last 30 days, according to CoinMarketCap. Moreover, the price increase has been massive for BlackRock, as the pro-crypto asset manager has now become the second-largest Bitcoin holder in what is an unprecedented run to $111,000.
BlackRock Becomes Second-Largest Bitcoin Holder@BlackRock, already the leading provider of #Bitcoin ETFs by assets under management, continues to grow its Bitcoin holdings. For many institutional players, #BitcoinETF is the most convenient or sometimes the only way to gain… pic.twitter.com/9MWQrbt3QL
— CryptoRank.io (@CryptoRank_io) May 21, 2025
Also Read: BlackRock Meets With SEC to Talk Staking, Tokenization, & More
According to data from CryptoRank, BlackRock holds 636,000 BTC under its management. That is second to just Bitcoin creator Satoshi Nakamoto, who holds an estimated 1.1 million BTC. The development cements the impact that the arrival of the asset managers iShares Bitcoin Trust (IBIT) has had on the asset class as a whole.
The investment product is now ranked among the top 5 US ETFs in year-to-date inflows, according to Bloomberg, reported Erich Balchunas. That is not likely to change any time soon. Moreover, it should only encourage the eventual approval of even more crypto-based ETFs. Specifically, tokens like Solana (SOL) and Ripple (XRP) have their decisions pending currently.
