Blackstone buys $1M worth of Bitcoin ETF in first crypto bet

Blackstone, which bills itself as the “the world's largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock's spot Bitcoin exchange-traded fund.However, Blackstone's investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1.08 million — a fraction of the asset manager's $1.2 trillion portfolio. Blackstone reported holding 23,094 shares of BlackRock's iShares Bitcoin Trust ETF (IBIT) as of March 31.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-05-21 05:27:02 GMT.