In a dance as old as the blockchain, BlackRock’s iShares Bitcoin Trust (IBIT) swiped 6,470 shiny BTC from the crypto market’s hands, as if plucking coins from a fountain of digital dreams. This move, oh so bold, came on the heels of Bitcoin’s modest bow from its $109k pedestal.
On the 21st day of January, when the winter’s breath was at its coldest, BitcoinTreasuries whispered secrets of IBIT’s swelling coffers. 6,470 BTC (a sum that dances merrily around $682.43 million) joined the ranks, boosting the total to a majestic 563,134 BTC. Such wealth, my friends, is currently estimated at a royal $59.4 billion, fit for a digital kingdom.
IBIT, the suitor of spot Bitcoin ETFs, has been the belle of the ball for three consecutive nights. On the very evening it embraced the Bitcoin, it coaxed $661.9 million into its fund’s embrace, as crypto.news so diligently reported.
BlackRock’s love affair with BTC seems to be blooming, fertilized by the cryptocurrency’s record-breaking high of $109,020. The romance was especially steamy from the 16th to the 17th of January, when iShares’ Bitcoin holdings were valued at a stratospheric $1.3 trillion. Ah, love in the time of blockchain!
Bitcoin, ever the fickle heart, has since pulled back from its lofty perch. crypto.news tells us the coin of kings now rests at $105,477, a modest 3.7% ascent in just a day’s trade. Over the past week, BTC has swelled by more than 8%. Will the rally continue? Only time, and perhaps President Trump’s crypto vows, will tell.
In the shadow of President Donald Trump’s grand inauguration, where crypto dreams are spun into national strategies, the market watches with bated breath. A national Bitcoin reserve, he promises, to crown the United States as the “crypto capital” of the world. 🌍💰
Meanwhile, Michael Saylor’s Microstrategy remains the king of corporate crypto hoarding, recently adding 11,000 Bitcoin to its treasure trove. With 461,000 BTC, it sits atop the throne, followed by MARA Holdings and Riot Platforms. A game of thrones, indeed.
Back in the December of yesteryear, BlackRock, the parent of IBIT, snatched up $1 billion worth of Bitcoin, just before the digital dragon took a dive. Timing, as they say, is everything. 🕰️💨
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2025-01-22 11:13