Blackrock Has Almost $400M Invested in Bitcoin Mining Stocks: Report
4 min ago•1 min read•Mining
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.