Here’s How Much BlackRock Spent Buying Bitcoin And Ethereum In 2025
BlackRock pushed into digital assets massively in 2025, with on-chain knowledge revealing simply how aggressive the main asset supervisor grew to become in accumulating Bitcoin and Ethereum.
Blockchain monitoring knowledge exhibits that the world’s largest asset supervisor expanded its cryptocurrency holdings by greater than $23 billion in 2025, and this is among the greatest institutional accumulation phases seen within the yr. The figures spotlight a sustained commitment to Bitcoin and Ethereum, at the same time as worth motion turned bearish towards the end of the yr.
BlackRock’s Crypto Portfolio Expansion Through 2025
Crypto was on the forefront of BlackRock’s funding technique in 2025. According to data from on-chain analytics platform Arkham Intelligence, BlackRock’s on-chain cryptocurrency holdings in the beginning of 2025 had been $54.83 billion. By January 1, 2026, that determine had risen to about $78.36 billion, representing a internet enhance of roughly $23.52 billion over the course of the yr.
These figures imply that by the top of 2025, BlackRock’s crypto portfolio had grown by about 43% in comparison with the beginning of the yr. Unsurprisingly, the buildup was concentrated virtually completely in Bitcoin and Ethereum, the 2 greatest belongings main institutional publicity to the crypto business.
Bitcoin was the dominant holding by worth. BlackRock’s BTC stash grew from round 552,550 BTC price about $51.16 billion in January 2025 to about 770,290 BTC valued at $68.05 billion in January 2026. This interprets to a rise of roughly 217,740 BTC, including about $16.88 billion to the agency’s portfolio primarily based on year-end valuations.
Even with Bitcoin’s worth down about 5% from January 2025, the rise in BTC models held grew by 39%, which, in flip, pushed the whole worth greater.
Ethereum, though smaller in absolute phrases, noticed even sooner relative progress. Holdings expanded from 1.07 million ETH valued at $3.59 billion in January 2025 to about 3.47 million ETH price $10.31 billion in January 2026. That represents a rise of practically 2.4 million ETH, contributing round $6.71 billion to BlackRock’s crypto holdings in 2025.
These numbers imply that BlackRock’s ETH holdings grew by greater than 224% over the yr, far outpacing Bitcoin’s 39% enhance.
ETFs And Institutional Demand Motivated $23 Billion Accumulation
The bulk of BlackRock’s crypto buying in 2025 was as a result of persistent inflows into its spot exchange-traded merchandise. Investor demand for regulated publicity to Bitcoin and Ethereum was robust for a lot of the yr, notably throughout rallies that pushed each belongings towards recent all-time highs.
At the identical time, corrective phases within the crypto market were accompanied by notable ETF outflows. This pattern helps the view that Bitcoin and Ethereum worth motion is changing into more and more linked to ETF exercise, and BlackRock is the dominant issuer inside these flows.
BlackRock has not yet established a presence within the XRP market. The asset supervisor doesn’t presently supply a Spot XRP ETF, and spokespersons have previously stated that the corporate has no quick plans to launch one.
Featured picture from Getty Images, chart from TradingView
