A filing from the world’s largest asset manager, BlackRock, shows that it holds $384 million worth of shares in companies from the crypto and bitcoin mining space.
Data from an SEC filing shows that investment management firm BlackRock holds $384 million worth of shares in bitcoin mining firms. The filing, published in late June, shows stakes in mining companies as it seems to warm up to the crypto space. The firm is the world’s largest asset manager with $9 trillion in assets under management.
BlackRock has been mulling the cryptocurrency space in the past few years, setting off many discussions about growing adoption. The company does not directly invest in cryptocurrencies, like many institutional investors, but rather chooses to invest in firms tied to the industry.