BlackRock's IBIT Bolsters Holdings with $289.8 Million Bitcoin Acquisition

New York, NY – BlackRock’s iShares Bitcoin Trust (IBIT) announced a significant acquisition on September 3, 2025, purchasing an additional 2,610 Bitcoin (BTC) valued at approximately $289.8 million. This move, reported by Cointelegraph, further solidifies IBIT's position as a leading institutional vehicle for Bitcoin exposure. The transaction underscores the continued confidence of major asset managers in the digital asset space.

The purchase comes as Bitcoin's price hovered around $112,830 on September 3, 2025, according to market data. BlackRock's IBIT has rapidly grown since its approval by the U.S. Securities and Exchange Commission (SEC) in January 2024, quickly becoming the largest spot Bitcoin ETF. As of late August 2025, IBIT held approximately 745,000 BTC, with its assets under management (AUM) surpassing $87 billion by June 2025.

IBIT's rapid ascent has been notable, achieving over $50 billion in AUM within 11 months of its 2024 launch, a record for any ETF. This growth reflects a broader trend of increasing institutional adoption of Bitcoin, as traditional finance firms seek regulated avenues for digital asset investment. The fund’s success is a testament to the demand from both institutional and retail investors looking to gain exposure to Bitcoin without directly managing the cryptocurrency.

The influx of capital into spot Bitcoin ETFs, particularly IBIT, has played a crucial role in Bitcoin's market performance throughout 2025. While September has historically been a weaker month for Bitcoin, institutional purchases like BlackRock's signal persistent demand. Analysts suggest that significant institutional activity could help counter seasonal market pressures and drive further price appreciation.

BlackRock, one of the world's largest asset managers, has positioned IBIT as a bridge between traditional finance and the crypto market. The ETF's ability to attract substantial inflows, including a reported $6.96 billion in net inflows by May 2025, highlights its strategic importance. This continued accumulation by major players like BlackRock suggests a long-term bullish outlook for Bitcoin within institutional portfolios.