🚨 BlackRock Added Over 8,000 Bitcoin in May Despite Market Weakness BlackRock’s iShares Bitcoin Trust (IBIT) has accumulated more than 8,000 BTC during May 2026, reinforcing continued institutional interest in Bitcoin despite recent market volatility. According to on-chain data analyzed by Finbold: • IBIT holdings rose from roughly 810,000 BTC to over 817,000 BTC during May • BlackRock accumulated more than $537 million worth of Bitcoin this month • The fund briefly exceeded 823,000 BTC before partial redistribution to Coinbase Prime The report suggests that institutional investors continue accumulating BTC even while many positions remain in unrealized losses following Bitcoin’s correction earlier this year. Analysts believe BlackRock’s continued accumulation signals: • Strong long-term institutional conviction • Ongoing ETF-driven demand • Reduced exchange supply pressure • Confidence in Bitcoin as a strategic asset Bitcoin price action has recently mirrored IBIT flows, with BTC previously rebounding above $82K during aggressive ETF accumulation before entering a new consolidation phase. The development further highlights how spot Bitcoin ETFs continue shaping overall market liquidity and sentiment in 2026. #Bitcoin #BTC #BlackRock #IBIT #ETF #Crypto
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