BlackRock, Goldman Sachs, and Fidelity increase their Bitcoin holdings, and countries like the UAE have also joined the purchasing ranks.

2025-05-10 01:55:52

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According to Deep Tide TechFlow news on May 10, as reported by The Defiant, BlackRock increased its Bitcoin holdings through two purchases worth $69 million each, acquiring a total of 682 BTC, with a recent total investment of $138 million. This marks 18 consecutive days of investment by BlackRock into Bitcoin.

Goldman Sachs disclosed that it holds Bitcoin worth $1.65 billion through ETFs, becoming the largest holder of BlackRock’s IBIT globally, with 30.8 million shares valued at $1.4 billion. Since December of last year, the company has increased its holdings by 6.8 million shares of IBIT and holds 3.47 million shares of FBTC worth $250 million.

Fidelity also purchased $35.3 million worth of Bitcoin. On the same day, BlackRock and Fidelity jointly invested $104.3 million in Bitcoin.

BlackRock previously made a bold acquisition of 47,064 BTC worth $4.44 billion, after which Bitcoin broke through $100,000. Additionally, the founder of Neoclassic Capital revealed on CNBC that the UAE and many other countries are also buying Bitcoin.

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