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BlackRock has significantly increased its cryptocurrency investments, acquiring 27,722 Bitcoin and 385,633 Ethereum over an eight-day period, totaling approximately $2 billion in Bitcoin and $961 million in Ethereum. This acquisition was made through the firm's spot ETF products and tracked by on-chain analytics firm Arkham Intelligence.
This buying spree contributes to a remarkable month for BlackRock's digital asset portfolio, which saw its total crypto assets under management rise to $68.48 billion by late August 2026, up from $53.36 billion at the beginning of the month. The increase of $15.11 billion is attributed to both new capital inflows and rising asset prices.
During a particularly active 48-hour period around August 21, BlackRock-affiliated wallets acquired 11,098 BTC and 132,769 ETH, valued at around $1 billion. The firm's flagship Bitcoin ETF, IBIT, recorded net inflows of approximately $1.33 billion over a five-day span in mid-August, while its Ethereum ETFs, ETHA and ETHB, attracted about $537 million during the same timeframe.
The scale of BlackRock's acquisitions is noteworthy, as the firm is absorbing more Bitcoin than is produced daily through mining, indicating a significant demand for the asset. This influx of capital and the resulting increase in assets under management highlight the growing interest in cryptocurrency investment.
Source: KLEA News