Blackstone buys $1M worth of Bitcoin ETF in first crypto bet

Quick Summary:

Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund.

Meanwhile, the state of Wisconsin Investment Board — one of the first state investment funds to provide Bitcoin exposure to US retirees — reported on May 15 that it liquidated all 6,060,351 of its IBIT shares worth $3.7 billion during the first quarter.

The filing shows Blackstone also bought 4,300 shares in crypto ATM operator Bitcoin Depot Inc.(BTM) for a total cost of $6,300 and spent $181,166 scooping up 9,889 shares of the ProShares Bitcoin ETF (BITO).

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Article Details

Author / Journalist: Cointelegraph by Brayden Lindrea

Category: Crypto

Markets: United States

Topics: Billion Fund March Blackstone Blackrock’s Reported Spot Crypto Bitcoin Shares Worth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-21 @ 06:16:48 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 433 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28885976

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Main Topics: Crypto

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