Blackstone Dips Into Bitcoin With $1M Bet on IBIT ETF
Blackstone just did something no one really expected — they finally pulled up to the Bitcoin party. In a fresh SEC filing from May 20, the $1.2 trillion asset giant revealed it’s holding over $1 million worth of BlackRock’s Bitcoin ETF, $IBIT.
Yeah, the same Blackstone that once side-eyed crypto is now holding 23,094 shares of IBIT, worth a cool $1.08M. That’s not all — they also grabbed $181K of ProShares’ BITO and even a tiny slice of Bitcoin Depot Inc. ($6.3K in BTM).
These buys were made through it’s Alternative Multi-Strategy Fund (BTMIX), which manages $2.63B. So sure, it’s a small allocation percentage-wise — but symbolically? Huge.
Back in 2019, CEO Stephen Schwarzman wasn’t exactly Bitcoin’s biggest fan. He leaned into central bank currencies and was hesitant about decentralized anything. But fast forward to 2025, and Blackstone’s positioning with BTC exposure screams “we’re watching now.”
This move follows a broader trend. BlackRock’s IBIT ETF has been printing green candles, pulling in inflows for 20 days straight since April 9 — totaling over $46.1 billion.
TL;DR: Blackstone’s not betting the farm on crypto yet, but they’re definitely not ignoring it anymore. And if one of the world’s biggest money machines is inching into Bitcoin, that could mean the floodgates are creaking open.
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