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Blackstone, who considers himself as “the largest alternative asset manager in the world”, has flooded her toes to encryption, and buy shares in the Bitcoin Trade-Tridge (ETF) in Blackrock.
According to May 20 presentationBlackstone bought about $ 1.08 million from ISHARES Bitcoin Trust (IBIT) from Blackrock, although assets boast about $ 1.2 trillion.
Blackston reported that she got 23,094 shares from IBIT at the end of the financial quarter ending on March 31. IBIT shares have been added to the BTMIX alternative Blackstone box (BTMIX), which has $ 2.63 billion assets, according to what he said. Google Financing Data. This is the first time that the asset manager has revealed investment in anything related to encryption.
Despite the outstanding performance of IBIT, it seems that Blackstone is not yet ready to make a large capital to invest in Apex Crypto.
It should be noted that Blackstone has largely deviated from encryption. In September 2019, the co -founder of the founder and CEO of Blackstone Stephen Schwarzmann said he liked Blockchain technology but believed to use him for money was “very strange”.
& nbsp“(I was) I grew up in a world where someone needs to control currencies,” he pointed at that time.
Schwarzmann also admitted that he was not a bitcoin lover, citing difficulties in understanding technology.
Blackrock on the right track to overcome Bitcoin’s satoshi
IBIT of Blackrock has been drawn in a clear flow of more than $ 46 billion since its appearance in Wall Street in January 2024, indicating the confidence of the continuous institutions in the long -term Bitcoin horizons.
Sigure ETF ETF in Bloomberg Eric, Shaunas male In a recent post on X that Blackrock is now the second largest Bitcoin holder in the world, only behind the mysterious BTC inventor Satoshi Nakamoto. Balunas believes that the asset manager is about to overcome Satoshi’s holdings next summer.
Critics believe that if the price of Bitcoin rises to $ 150,000 in the coming months, “feeding” may raise the financial advisors, which will help Blackrock to achieve this teacher more quickly.
