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Blackstone Discloses $1M Stake in BlackRock's IBIT

The mega asset manager is dipping its toes into digital assets.
Blackstone Discloses $1M Stake in BlackRock's IBIT
Bankless Bankless
May 20, 2025 • 1 min read
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Blackstone disclosed its first-ever crypto investment with a modest $1.08M stake in BlackRock's spot Bitcoin Bitcoin ETF, The Block reports.

What’s the Scoop?

  • First Crypto Investment: Blackstone disclosed a $1.08M investment in BlackRock's spot Bitcoin ETF, marking its first documented foray into crypto.
  • Minimal Commitment: Despite overseeing $1 trillion in assets, Blackstone's BTC investment represents an almost negligible fraction of its portfolio.
  • Cultural Shift in Progress: The move signals a subtle shift, as Blackstone's CEO previously expressed skepticism about Bitcoin's utility and its links to illicit uses.

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