The BlackRock crypto experiment is moving forward at an incredible pace after the world’s largest asset manager added more than $3 billion worth of BTC USD to its portfolio since the Iran-US conflict began in late February.
Data from Arkham Intelligence shows that since February 28, when the United States and Israel launched airstrikes on Iran, until today (April 3), BlackRock has quietly added $3.1 billion in Bitcoin to its portfolio and nearly $500 million in Ethereum.
This move by the $14 trillion asset manager highlights that smart money is clearly profiting from the conflict and its aftermath, which saw rising oil prices, investor panic and the closure of the Strait of Hormuz, piling crypto while the Fear and Greed Index reads 9/100 (extreme fear).
The BlackRock crypto buying frenzy comes as the price of Bitcoin trades at $66,800, up a modest +0.8% on the day, while the total crypto market cap rose only +0.7% to over $2.3 trillion.
(SOURCE: TradingView)
BlackRock’s crypto exposure soars in March
Crypto fund BlackRock currently holds around $53.39 billion in Bitcoin, according to the real-time portfolio dashboard on Arkham Intelligence at the time of writing (April 3).
This represents approximately 783,290 tokens, up from 764,930, valued at $50.38 billion on February 28, when the first joint US and Israeli strikes were launched against Iran.
The increase of around 19,000 BTC reflects net inflows, as BlackRock clearly sees this as the ultimate dip-buying opportunity and takes the old adage “buying when others are afraid” literally.
(SOURCE: Arkham)
There is a lesson to be learned here, and it is quite simple. Follow the smart money, not the influencers on X who tell you Bitcoin is heading towards $40,000.
While no one knows exactly where crypto is going, the Fear and Greed Index is at an all-time low, general sentiment is in the gutter, and Bitcoin is holding steady above $60,000 even with World War III on the horizon, all of which are good reasons to believe the bottom is probably near (or has already been reached).
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How much Bitcoin and Ethereum does BlackRock hold?
BREAK:
$13 TRILLION BLACKROCK NOW HIRING BITCOIN AND CRYPTO DIRECTOR
SOMETHING HAPPENS BIG pic.twitter.com/tJlie19dKz
– Bitcoin Professor (@Bitcoinprof0637) March 30, 2026
$13 TRILLION BLACKROCK NOW HIRING BITCOIN AND CRYPTO DIRECTORIn total, the Larry Fink-led asset management firm holds $58.78 billion in digital assets, primarily split between Bitcoin USD ($52.54 billion) and ETH ($6.25 billion). Beyond that, BlackRock’s crypto wallet consists of random 4-5 digit tokens that are not purchased by the company but sent to it by the holders of these projects.
This is a common tactic that has long been used by Ethereum founder Vitalik Buterin, whose public wallet often receives tokens for advertising purposes, as some traders may assume that these high-profile companies/individuals purchased the coin themselves.
Vitalik is known for selling these gifted tokens in batches and dedicating the profits to his chosen charities, with many calling it a healthy way to handle unsolicited transactions.
BlackRock has yet to follow a similar path and its portfolio is filled with a wide range of tokens, including SPX, JOE, SBET, MOG and dozens of others.
One asset, besides Bitcoin, that BlackRock is buying is Ethereum. Although he has not added billions of dollars worth of ETH since the start of the Iran war, there has been a modest increase of almost $400 million, bringing his holdings to just over 3 million.
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The article Blackrock Crypto Buying Spree: $3 Billion BTC USD Added in March appeared first on 99Bitcoins.
