BlackRock's Bitcoin Stash Reaches $12.3B as BTC Hits New ATH

BlackRock, the largest asset manager in the world, has witnessed a dramatic increase in its holdings of Bitcoin (BTC). The amount invested by the company in Bitcoin is now at a remarkable figure of $12.3 billion. The growth is mainly due to the historic inflows into the BlackRock iShares Bitcoin ETF (IBIT). Based on the information from Arkham Intelligence, BlackRock recorded the highest-ever one-day on-chain inflow last week. This came in the form of 12,600 BTC, worth $842 million.