BlackRock’s $1.4 Billion Bitcoin Buying Spree Signals Strong Institutional Confidence
BlackRock, the world's largest asset manager, has made headlines with its aggressive accumulation of Bitcoin, purchasing $1.4 billion worth of BTC over six consecutive days. The latest acquisition of $250 million on June 17 highlights the firm's growing commitment to the cryptocurrency market. This buying spree aligns with record inflows into BlackRock's iShares Bitcoin Trust (IBIT), which saw $639.2 million in net inflows recently. The move underscores the surging institutional demand for Bitcoin and reinforces its position as a dominant asset in the evolving financial landscape. As of July 2025, BlackRock's continued investments are fueling optimism about Bitcoin's future price trajectory and broader adoption in traditional finance.
BlackRock's $1.4B Bitcoin Accumulation Streak Fuels ETF Dominance
BlackRock has aggressively expanded its Bitcoin holdings, purchasing $1.4 billion worth of BTC over six consecutive days. The asset manager's latest $250 million acquisition on June 17 underscores its deepening commitment to cryptocurrency markets amid surging institutional demand.
The buying spree coincides with record inflows into BlackRock's iShares bitcoin Trust (IBIT), which attracted $639.2 million in net inflows on the same day as its most recent purchase. IBIT has now eclipsed $70 billion in assets under management in just 341 days - shattering the previous record held by SPDR Gold Shares ETF by nearly 80%.
While Bitcoin currently trades at $104,589, showing modest pullback from recent highs, BlackRock's sustained accumulation suggests institutional investors remain bullish on long-term crypto adoption. The firm's consistent buying contrasts sharply with outflows from competing ETF issuers including Fidelity and ARK Invest.
Ohio Advances Bitcoin-Friendly Legislation with Unanimous Committee Approval
Ohio's House Technology Committee has unanimously passed the Blockchain Basics Act (HB 116), a landmark bill positioning the state as a leader in crypto regulation. The 13-0 vote signals rare bipartisan consensus on digital asset policy.
The legislation establishes clear legal definitions for blockchain operations while emphasizing individual rights—including tax exemptions for sub-$200 Bitcoin transactions. "This isn't about empowering banks," said sponsor Representative Steve Demetriou, "it's about two million Ohioans who've already embraced digital assets."
Industry advocates praise the bill's mining protections and capital gains relief for small BTC payments. Satoshi Action Fund CEO Dennis Porter calls it "one of the strongest Bitcoin rights frameworks" in U.S. state legislation.
Blockchain Group Expands Bitcoin Holdings with $19.6M Purchase
France's The Blockchain Group acquired 182 Bitcoin for $19.6 million on June 18, 2025, bolstering its crypto reserves to 1,653 BTC valued at approximately $170 million. The purchase was financed through convertible bond issuances and private investments, with participation from firms like UTXO Management and Moonlight Capital.
Despite the strategic accumulation, shares of ALTBG dipped 1% on Euronext Paris following the announcement. The company reported a staggering 1,173% year-to-date yield on its Bitcoin holdings, underscoring its aggressive crypto strategy amid fluctuating market conditions.
Bitcoin Faces Downside Risk as Options Traders Hedge Against $100K Drop
Bitcoin's price retreated to $104,650, marking a 6.52% decline from its yearly peak. Derivatives data signals growing bearish sentiment, with Deribit's put-to-call ratio climbing to 2.17—a two-week high. Open interest concentrates at the $100,000 strike for Friday-expiring contracts, suggesting traders are bracing for further downside.
Geopolitical tensions inject volatility into crypto markets. Former President Trump's hawkish comments on Iran sent Brent crude above $76, reigniting inflation concerns. The Fed may delay policy shifts as shipping costs spike and energy markets fluctuate.
Spot ETF flows defy the bearish technicals. Tuesday's $216 million inflows pushed cumulative totals to $46.26 billion, demonstrating institutional demand persists despite price weakness. This divergence between derivatives and spot markets creates a tension that could resolve through either a violent squeeze or sustained correction.
Expert Predictions For Altcoin Season Trigger: When Will Bitcoin Dominance Finally Fall?
Bitcoin's market dominance remains robust at 63.9%, just shy of its May peak of 65.3%. Historically, such strength signals an impending rotation into altcoins, yet the anticipated shift has stalled. Institutional investors, drawn to Bitcoin's regulatory clarity and the convenience of spot ETFs, are bypassing smaller assets entirely.
The consensus trade favors BTC as a safer bet, leaving altcoins struggling for traction. While many projected 2025 as the year of altcoin resurgence, halfway through, Optimism is fading. The market's unusual dynamics reflect a structural shift—where Bitcoin absorbs institutional capital, altcoins languish as speculative afterthoughts.
Healthcare Firm Prenetics Adopts Bitcoin Treasury Strategy with Kraken's Assistance
Prenetics Global Limited (NASDAQ: PRE) has entered the bitcoin treasury arena, acquiring an initial $20 million BTC investment through Kraken. The healthcare firm aims to expand its holdings significantly, with board approval to become a major corporate holder in its sector.
The MOVE mirrors MicroStrategy's $40 billion bitcoin strategy, albeit on a smaller scale. Prenetics CEO Danny Yeung highlighted the intersection of healthcare innovation and blockchain technology, suggesting a transformative potential for genomics and personalized medicine.
This development follows Swedish health-tech company H100 Group's recent $79 million bitcoin treasury commitment. Prenetics has also strengthened its leadership by appointing Andy Cheung, former OKEx COO, to its board.
