finbold.com
BlackRock, the world’s biggest asset manager, is doubling down on crypto. On Tuesday, September 16, 2025, the company purchased more than $620 million worth of Bitcoin ($BTC) and Ethereum ($ETH) in a single day.
Data shows that BlackRock added 2,270 $BTC, worth about $262.7 million, and 78,922 $ETH, worth $357.4 million. This brings its total Bitcoin stash to more than 757,000 $BTC, valued at $87.23 billion, and Ethereum holdings to 3.68 million $ETH, valued at $16.95 billion.
According to analyst Thomas Fahrer, BlackRock now controls 762,000 $BTC through its iShares Bitcoin Trust (IBIT). A chart of IBIT flows shows how quickly BlackRock has been stacking Bitcoin since the fund launched.
One surprising detail is that while Ethereum’s dollar value grew, the number of $ETH in BlackRock’s wallets actually fell by nearly 100,000 tokens during the same period. This drop in token count, combined with the higher price, highlights how volatile institutional trading activity can appear on-chain.
Overall, BlackRock’s move adds to the growing narrative of Wall Street giants cementing their dominance in digital assets. With Bitcoin and Ethereum still the top two cryptocurrencies by market value, the company’s aggressive buying shows that large financial players continue to see long-term potential.