BlackRock has further deepened its commitment to digital assets by acquiring an additional 10,955 Ethereum (ETH) worth roughly $20.1 million on May 3.
This latest move brings the firm’s total ETH investment to $74 million, following a previous $54 million allocation.
JUST IN: BlackRock buys 10,955 $ETH worth $20.1 million. pic.twitter.com/jcX2eeBBlw
— Whale Insider (@WhaleInsider) May 3, 2025
The world’s largest asset manager isn’t just betting on Ethereum. BlackRock also poured $674.91 million into Bitcoin ETFs during the same period, underscoring its broader strategy of backing leading cryptocurrencies as institutional interest continues to rise.
The aggressive accumulation highlights BlackRock’s growing confidence in ETH and BTC as long-term assets in its digital portfolio.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/blackrock-boosts-ethereum-holdings-with-new-20m-eth-purchase/