BlackRock Buys $623.5M in Bitcoin While Grayscale Continues Steady Sell-Offs

Blockchain analytics firm Arkham Intelligence reports diverging activity among major Bitcoin holders this week. Grayscale has sold $62.3 million worth of Bitcoin since Monday, extending its recent pattern of outflows.

In contrast, BlackRock has moved in the opposite direction, acquiring $623.5 million in Bitcoin over the same period—more than ten times Grayscale’s selling volume.

Consequently, BlackRock’s total Bitcoin holdings have climbed to over $64.85 billion, representing about 3.87% of the total Bitcoin supply.

Source: Arkham