It was a week to remember. BlackRock, the mighty titan of finance, embarked on a Bitcoin buying spree that could make even the most hardened investors raise an eyebrow. Over the course of six days, the firm amassed a staggering $1.4 billion in Bitcoin. That’s not a typo. $1.4 billion. And all this, dear reader, in a mere six days. Such is the power of BlackRock, a company that could probably buy the moon if it felt like it.
On June 17, as if following some preordained script, BlackRock dropped a cool $250 million on Bitcoin. This, of course, was merely the latest act in an ongoing saga of Bitcoin acquisitions. They’ve been at it for six days straight, building a Bitcoin empire so massive it could rival the sun—at least in terms of sheer monetary energy.
BLACKROCK BUY STREAK: $1.4 BILLION OF BTC FOR 6 DAYS STRAIGHT
BlackRock bought over $250M of BTC today, bringing their streak up to $1.4 Billion.
BlackRock has now bought BTC for 6 days in a row.
— Arkham (@arkham) June 17, 2025
This buying frenzy wasn’t just about BlackRock flexing its muscles. Oh no. It was part of a larger movement. Enter the iShares Bitcoin Trust (IBIT), BlackRock’s golden goose. In the same breath as BlackRock’s Bitcoin purchase, IBIT welcomed a colossal $639.2 million in net inflows. Meanwhile, other big players like Fidelity and Bitwise were, well, losing money. The contrast could not have been starker.
And did you hear about the achievement? IBIT has now officially become the fastest ETF in history to surpass $70 billion in assets under management (AUM), a feat it achieved in a mere 341 days. Compare that to the previous record-holder, SPDR Gold Shares ETF, which took a leisurely 1,691 days. It’s as if BlackRock was trying to set a world record—and did.
At the time of writing, Bitcoin’s price is $104,589, a 5% dip from last week. But don’t tell BlackRock. Their buying streak suggests they’ve got the patience of a saint and the vision of a hawk. They’re clearly not bothered by the short-term fluctuations. Instead, they’re happily capitalizing on the recent price dip, scooping up more Bitcoin like there’s no tomorrow.
With this latest round of purchases, IBIT now manages approximately $74.8 billion in assets, and holds 670,295 Bitcoins in its ever-growing portfolio. It’s the financial equivalent of hoarding treasure, and it’s happening right before our eyes.
Of course, BlackRock isn’t the only one eyeing Bitcoin. Strategy, the largest corporate holder of BTC, has joined the fray with a massive $1.05 billion purchase. No big deal, right? Other institutions, including MetaPlanet from Japan and The Blockchain Group from Europe, are also loading up on Bitcoin, further signaling that institutional adoption is here to stay.
In conclusion, the world of finance has officially been turned upside down. BlackRock is buying Bitcoin by the truckload, the iShares Bitcoin Trust is setting records, and everyone else seems to be just playing catch-up. So sit back, relax, and watch the magic unfold—because this Bitcoin saga is just getting started. 🚀💰
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2025-06-18 15:33