BlackRock, the world's largest asset manager, is increasing its commitment to Bitcoin by investing in the top 5 Bitcoin mining companies. According to the CompaniesMarketCap index, the top five Bitcoin miners are Riot Platforms, valued at USD 1.92 billion; Marathon Digital, USD 1.83 billion; Cipher Mining, USD 0.74 million; Hut 8 Mining, USD 0.5 billion; and TeraWulf Inc, USD 0.41 billion. Of these five companies, BlackRock has not yet invested in Hut 8.
BlackRock also has a spot Bitcoin ETF application pending before the US Securities and Exchange Commission (SEC). Larry Fink, CEO of BlackRock, explained his views on Bitcoin in a statement he gave in recent weeks. Fink praised Bitcoin as an "international asset" and said, "Bitcoin is not based on any currency and therefore can represent an asset that people can play as an alternative. In many ways, it digitises gold."
