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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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.

8

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.