BlackRock Seizes #2 Spot in Bitcoin Whale Rankings as BTC Soars to New Highs

Wall Street’s quiet coup: The asset management titan now holds more BTC than most nation-states—just don’t ask about the carbon footprint.

How the sausage gets made: While retail investors chase memecoins, institutional players quietly accumulate lifeboats. BlackRock’s vaults now bulge with enough bitcoin to make Satoshi blink.

The irony? This comes as legacy finance finally admits what crypto-anarchists knew in 2009—you either hold the keys or become the exit liquidity. Happy banking!

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

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.