Blackrock Has Almost $400M Invested in Bitcoin Mining Stocks: Report

Blackrock Has Almost $400M Invested in Bitcoin Mining Stocks: Report

Blackrock, the world’s largest asset manager, had nearly $400 million invested in bitcoin mining companies at the end of the second quarter, filings with the U.S. Securities and Exchange Commission (SEC) have shown.

  • The SEC filings dated June 30 show Blackrock with stakes of 6.71% in Marathon Digital Holdings and 6.61% in Riot Blockchain, Forbes reported Thursday.
  • The total amount committed across the two firms amounts to just under $383 million.
  • The investment is spread across a number of Blackrock's mutual funds and exchange-traded funds (ETFs), such as its iShares Russell 2000 ETF.
  • Earlier this month, fellow asset management giant Fidelity International also disclosed an investment in Marathon Digital, reflecting the increased interest mainstream financial services companies are taking in the crypto sector.
  • Source