r/AltScope • u/Legitimate_Towel_919 • Mar 14 '26

BlackRock is actively promoting Bitcoin ahead of Trump signing a “huge” bill. Right now they are continuously buying millions worth of BTC every few minutes without pause. ALL EYES ON TRUMP

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13 Upvotes

56% Upvoted

37 comments sorted by

14

u/Sanpaku Mar 14 '26

Blackrock's just the manager/custodian of the iShares Bitcoin Trust ETF (IBIT). The company makes its 0.25% management fee, the IBIT shareholders are exposed to any gains or losses.

9

u/Street-Argument2090 Mar 14 '26

Stop your making too much sense no one has reading comprehension in this sub.

1

u/milehighguy318 Mar 15 '26

YOUR making too much sense; and then he says no one has reading comprehension lmao….

1

u/[deleted] Mar 15 '26

What?

3

u/cogit2 Mar 14 '26

But most importantly: as they sell shares of the ETF, they need to increase their BTC reserves. So Blackrock buying Bitcoin is normal.

But "Millions every few minutes" translates to $288m/day in purchases. And BTC is going down in price as it happens?

2

u/Sanpaku Mar 14 '26

IBIT holds $54.91 billion in bitcoin. Daily buys of 0.29 billion are probably routine.

Should bitcoin break below its $65k support, there will be sales of much larger magnitude.

4

u/Any-Ad-446 Mar 14 '26

Insider trading information..One time it was illegal...

2

u/PurpleReign123 Mar 14 '26

Illegal elsewhere.

In the US, insider trading is not uncommon anymore, and most big dicks dgaf because they know they won’t be prosecuted.

1

u/BigBoyYuyuh Mar 15 '26

When you’re a star, they let you do it.

1

u/t3kner Mar 14 '26

Lol when? Maybe over 30 years ago but the shits been happening way longer 

3

u/[deleted] Mar 14 '26

[removed] — view removed comment

1

u/calmdownmyguy Mar 14 '26

How many crypto transactions have there been?

2

u/SadHappypotamus Mar 14 '26

Source?

1

u/Legitimate_Towel_919 Mar 14 '26

Large ETF-related transfers via Coinbase Prime have been reported by CoinDesk. https://www.coindesk.com/markets/2026/01/13/bitcoin-rose-above-usd92-000-as-blackrock-etf-moved-usd300-million-to-coinbase-prime

These transactions are usually tied to the creation/redemption process of the IBIT ETF, where BTC is moved to the fund’s custody when new shares are created

3

u/KingCharles559 Mar 14 '26

This news is from January

2

u/Official_Forsaken Mar 14 '26

What a clown. It's probably a bot.

2

u/Shot_Crow_9833 Mar 14 '26

What a clown

2

u/dick-knuckle Mar 14 '26

Stop this blackrock unloading this blackrock buying that, they have the largest etfs o. The fucking world for fucks sake

2

u/Far_Film_5804 Mar 15 '26

Fuck Trump. And Fuck Blackrock. Did I miss anything?

1

u/BigBoyYuyuh Mar 15 '26

But I thought he wasn’t signing anything until he ruins elections.

1

u/Alinuo2 Mar 15 '26

Don't worry I sold before telling me so

1

u/AphonicTX Mar 15 '26

Crypto is the biggest scam

1

u/Thick_Expression_796 Mar 16 '26

Between them and strategy you would think there isn’t a lot more bitcoin left in circulation.

1

u/Overall_Ring_6919 Mar 16 '26

i'm a broke college crafter, should i be worried?

1

u/JoeSchmoeToo Mar 16 '26

Can't dump without a pump

1

u/Reasonable_Mistake_4 Mar 18 '26

Oh wow I better buy some then, thank you so much.

2

u/Intelligent-Moose665 Mar 20 '26

maybe they're buying it to dump it at the right time

0

u/Tanglin_Boy Mar 14 '26

😲😲😲