Here’s How Much Money BlackRock Spent Buying Bitcoin And Ethereum In 2025
BlackRock pushed into digital assets more in 2025, with on-chain data revealing how aggressive the leading asset manager became in accumulating Bitcoin and Ethereum.
Blockchain tracking data shows that the world’s largest asset manager has increased its cryptocurrency holdings to more than $23 billion by 2025, and this is one of the largest institutional accumulation phases seen in a year. The statistics highlight ongoing commitment to Bitcoin and Ethereum, even as price action turned bearish towards the end of the year.
Expansion of BlackRock’s Crypto Portfolio Until 2025
Crypto was at the forefront of BlackRock’s investment strategy in 2025. According to in data from On-chain analytics platform Arkham Intelligence, BlackRock’s cryptocurrency holdings at the beginning of 2025 were 54.83 billion dollars. By January 1, 2026, that number had risen to about $78.36 billion, which means an increase of about $23.52 billion during the year.
These figures mean that by the end of 2025, BlackRock’s crypto portfolio had grown by about 43% compared to the beginning of the year. Unsurprisingly, the rally was focused almost entirely on Bitcoin and Ethereum, the two biggest assets leading to institutional exposure to the crypto industry.
Bitcoin was the leading holdout in value. BlackRock’s BTC stash grew from about 552,550 BTC worth about $51.16 billion in January 2025 to about 770,290 BTC worth $68.05 billion in January 2026. This translates to an increase of about 217,740 BTC, which adds up to about $16.88 billion.
Even though the price of Bitcoin has fallen by about 5% since January 2025, the increase in BTC units held has increased by 39%, which has also pushed the total value higher.
Ethereum, although smaller in absolute terms, saw even faster relative growth. Holdings increased from 1.07 million ETH worth $3.59 billion in January 2025 to about 3.47 million ETH worth $10.31 billion in January 2026. That represents an increase of nearly 2.4 million ETH, contributing about $6.71 billion to BlackRock’s crypto holdings by 2025.
These numbers mean that BlackRock’s ETH holdings grew by more than 224% during the year, far outstripping Bitcoin’s 39% increase.
ETFs And Institutional Demand Fueled By Twenty-Three Billion Accumulations
BlackRock’s highest value crypto purchases in 2025 it was due to the persistent penetration of its products that are traded on the market. Investor demand for regulated exposure to Bitcoin and Ethereum has been strong for most of the year, especially during rallies that pushed both assets to new all-time highs.
At the same time, stages of correction in the crypto market they were accompanied Notable ETF exits. This trend supports the view that the price action of Bitcoin and Ethereum is increasingly linked to ETF activity, and BlackRock is a leading producer within those boundaries.
BlackRock not yet established presence in the XRP market. The asset manager does not currently offer a Spot XRP ETF, either spokesmen previously said that the company has no immediate plans to launch it.
Featured image from Getty Images, chart from TradingView
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