BlackRock Purchases $92.6 Million in Ethereum and $45.9 Million in Bitcoin

HKAN | Aug 29

BlackRock, the world’s largest asset manager, has expanded its cryptocurrency holdings by acquiring $92.6 million worth of Ethereum (ETH) and $45.9 million worth of Bitcoin (BTC), according to recent filings.

The move highlights the growing institutional interest in Ethereum, with BlackRock allocating twice as much capital to ETH compared to BTC in its latest investment round. Industry analysts suggest this reflects the increasing importance of Ethereum’s ecosystem, particularly in DeFi, tokenization, and blockchain infrastructure adoption.

Ethereum’s shift to proof-of-stake (PoS) and its role in powering decentralized finance protocols are believed to be key drivers behind BlackRock’s heavier exposure to ETH. At the same time, the company maintains a strong position in Bitcoin, continuing to view it as the leading store-of-value digital asset.

This purchase comes amid rising speculation that more institutional players will diversify beyond Bitcoin into Ethereum and other major altcoins. With BlackRock managing over $10 trillion in assets, its crypto strategy could influence broader market sentiment and adoption trends.

Market experts believe that BlackRock’s latest investment signals a long-term commitment to digital assets, reinforcing the narrative that cryptocurrencies are becoming a permanent part of institutional portfolios.