BlackRock has reportedly boosted its stake in the IBIT spot Bitcoin ETF, raising their total investment to $314 million. This prompts the question: why is BlackRock so confident in Bitcoin’s future? Will BTCUSDT finally breach the $100,000 mark?
A wave of interest in cryptocurrency is evident within both retail and institutional sectors. Recent news includes New Hampshire becoming the first state to approve Bitcoin reserve legislation, and Strategy, formerly MicroStrategy, purchasing over $1 billion in Bitcoin. May 2025 is seeing significant institutional buying activity for this digital asset.
BlackRock Reportedly Increases Stake in IBIT
The announcement of BlackRock’s stake increase in IBIT—by 124% since November—is a major boost for market sentiment.
“BlackRock increases its position in the iShares Bitcoin ETF by 124%, bringing its total holdings to $314 million.” — Trader T (@thepfund) May 6, 2025.
This strategic buying move may inspire other financial firms to take similar actions. Despite the influx of investments and support from large players, Bitcoin’s price continues to hover below the $100,000 threshold, making one wonder what BlackRock might know that others do not.
The Bitcoin Bet: What Does BlackRock Know?
The rapid increase in BlackRock’s exposure to Bitcoin indicates a strategic intent. The company’s active pursuit of Bitcoin through spot ETFs is not new.
By September 2024, their Strategic Income Opportunities fund significantly increased its investment in IBIT, acquiring over 2 million shares. Michael Gates, a leading portfolio manager at BlackRock, highlighted that they are raising their Bitcoin allocation to diversify risk and return.
Institutions are keen to hold Bitcoin, and as of mid-2026, IBIT managed over $58 billion in assets. With ongoing purchases and a hold strategy by miners, Bitcoin’s price might soon eclipse $100,000.
Why Is the BTCUSDT Price Stuck?
Even with steady inflows from institutional investors, BTCUSDT remains below $100,000. Recent fluctuations showed a peak at $97,700 before the price faced a resistance level.
Contrary to market expectations, Bitcoin miners have slowed their selling, holding back liquidations. Recent data suggests only 5,678 BTC were sold on May 6, a marked decrease from previous months.
With institutions accumulating Bitcoin and miners holding, a potential bullish trend could see BTC exceed $100,000 soon.
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