BlackRock has continued to increase its holdings in Bitcoin, purchasing 686 bitcoins worth approximately $69.4 million to $70 million, marking 20 consecutive days of inflows. The asset manager currently holds 621,600 bitcoins through its IBIT spot Bitcoin ETF. Goldman Sachs has significantly boosted its stake in BlackRock's IBIT ETF by 28%, increasing its holdings to 30.8 million shares valued at $1.4 billion. This gives Goldman Sachs control over 51.71% of all U.S. spot Bitcoin ETF holdings. At this pace, these institutions could collectively control 5% of the entire Bitcoin network by 2026. BlackRock now holds $67 billion worth of crypto assets in its portfolio and has stated that Bitcoin will soon be too risky not to own.
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