Blackstone, the world’s largest alternative asset manager, has made its first foray into the crypto market by purchasing a little over $1 million worth of BlackRock’s spot Bitcoin ETF. Here are the details:
The Investment: In a filing published on Tuesday, May 20, 2025, Blackstone disclosed that its alternative multi – strategy fund held 23,094 shares of the iShares Bitcoin Trust ETF (IBIT) as of the end of the fiscal quarter ending March 30. With a net asset value of $59.75 per share as of May 19, 2025, Blackstone’s investment in IBIT was worth $1.08 million. This marks the first time Blackstone has reported investing in anything crypto – related.
Blackstone’s Stance on Crypto: Back in 2019, Blackstone Group Inc. co – founder and CEO Stephen Schwarzman admitted he wasn’t a fan of Bitcoin, saying he didn’t have much interest in it as it was hard for him to understand. He also expressed concerns about cryptocurrencies being used to aid criminal activity. However, despite overseeing more than $1 trillion in assets, Blackstone’s recent investment in the Bitcoin ETF suggests a potential shift in its attitude towards crypto, albeit a cautious one.
Market Impact: The involvement of major financial institutions like Blackstone in cryptocurrency investments contributes to increased market stability and legitimacy. Blackstone’s investment in the Bitcoin ETF is the latest in a trend of digital assets being integrated into mainstream financial portfolios. It shows that the company is taking a measured approach to gaining exposure to bitcoin while avoiding the risks associated with direct ownership of the cryptocurrency, such as custody and regulatory compliance.
Overall, while Blackstone’s $1.08 – million investment in the Bitcoin ETF is relatively small compared to its total asset under management, it is a significant development in the growing acceptance of cryptocurrencies by mainstream financial institutions.
Related topic:
- Solana Expected to Challenge $900? Key Resistance Levels Become Key Factors
- New Taiwan Dollar surges by 8% in two days, but Bitcoin’s Volatility is Smaller than that of Fiat currency?
- TRUMP Denies profiting from his presidential position, Claiming He Doesn’t Pay attention to his Holdings of $TRUMP coins
