Wall Street’s Bitcoin Bet Deepens: BlackRock Ups Investment by 91% ($47.4M)

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📈 Preview On Today’s News:

1. - Wall Street’s Bitcoin Bet Deepens: BlackRock Ups Investment by 91%

2. - State Bets Big on Bitcoin: North Carolina Eyes $950M Crypto Reserve

3. - U.S. Government Quietly Prepares Bitcoin War Chest Amid Crypto Scam Crackdown

Keep reading below for more!

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Today’s News:

1)

Wall Street’s Bitcoin Bet Deepens: BlackRock Ups Investment by 91%

BlackRock, the world’s largest asset manager, has significantly increased its exposure to Bitcoin, disclosing $47.4 million in iShares Bitcoin Trust (IBIT) ETF shares through its Global Allocation Fund. According to a recent SEC filing, the fund added nearly 391,000 IBIT shares from November 2024 to January 2025—a 91% jump—marking a strong continuation of its crypto investment strategy. This is part of a broader trend within BlackRock, which now holds a total of $78 million in IBIT shares across multiple funds. As institutional interest in Bitcoin grows globally, this move highlights increasing confidence in the digital asset's long-term potential.

• BlackRock’s Global Allocation Fund increased its Bitcoin ETF holdings by 91%, reaching $47.4M with nearly 391,000 IBIT shares added in just three months.

• BlackRock now holds $78M in IBIT across multiple funds, signaling accelerating institutional confidence in Bitcoin's future.

2)

State Bets Big on Bitcoin: North Carolina Eyes $950M Crypto Reserve

North Carolina has introduced a groundbreaking proposal that would allow its state treasurer to invest up to 10% of state funds—potentially totaling $950 million—into Bitcoin. Spearheaded by Senator Todd Johnson and Representative Brenden Jones, the bill aims to position North Carolina at the forefront of financial innovation and cryptocurrency adoption. If passed, this move could set a precedent for other U.S. states, signaling a broader shift in how governments view and utilize digital assets in their investment strategies. The announcement has already sparked increased institutional interest in Bitcoin, contributing to a 2.8% price uptick and heightened accumulation by large holders.

• North Carolina may allocate up to $950M in state funds to Bitcoin, aiming to lead in financial innovation and crypto adoption.

• Institutional interest surged following the bill, with Bitcoin seeing a 2.8% price jump and notable accumulation by large investors.

3)

U.S. Government Quietly Prepares Bitcoin War Chest Amid Crypto Scam Crackdown

The U.S. government has quietly moved $8 million worth of Bitcoin from a wallet tied to a notorious “pig butchering” scam involving Wanpadet Sae-Heng, sparking speculation about its long-term crypto strategy. The transferred funds—originally seized from Binance—are part of over $17 billion in crypto currently held by the government, making it the largest state holder of Bitcoin globally. This move aligns with growing momentum behind the Strategic Bitcoin Reserve Act, which could soon formalize a national reserve funded through seized crypto. With President Trump signing an Executive Order in early March to establish this reserve and audits underway, the U.S. signals it has no intention of liquidating its BTC holdings, diverging from prior divestment plans in 2023.

• The U.S. government shifted $8M in Bitcoin from a wallet tied to a scam, signaling intent to formalize a national Bitcoin reserve and retain its holdings.

• With over $17B in crypto assets and an Executive Order signed in March, the U.S. is now the world’s largest state holder of BTC, surpassing China.

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