Documents submitted by BlackRock, a US$9 trillion multinational investment management company, show that the company has made substantial investments in two leading publicly traded Bitcoin mining companies.
A document submitted to the U.S. Securities and Exchange Commission on June 30, issued by Forbes, It shows that BlackRock owns 6.71% of Marathon Digital Holdings (MARA) and 6.61% of Riot Blockchain (RIOT).
The total investment value is nearly 384 million U.S. dollars, of which BlackRock purchased Marathon worth nearly 207 million U.S. dollars and Riot worth 176 million U.S. dollars.
These investments are not BlackRock’s first investment in the field of digital assets. The company submit application In January, it traded with the US Securities and Exchange Commission on the purchase of cash-settled Bitcoin futures contracts by its two funds, and then revealed its BlackRock Global Allocation Fund in April Purchased 37 BTC futures contracts From the Chicago Mercantile Exchange.
As few products provide institutional investors with regulated U.S. crypto market exposure, Bitcoin mining stocks have become An increasingly popular investment Recent years.
Although BTC has risen about 288% in the past 12 months, Marathon’s stock price has soared by 754%, and Riot’s stock price has risen by 848%.
Fidelity Group And Vanguard Group is one of the large companies that have gained significant exposure to the BTC mining industry in recent months.
According to Etf data, Vanguard’s Total Stock Market ETF and Information Technology ETF are the fourth and fifth largest funds held by RIOT, while the company’s small-cap ETF and small-cap growth ETF are the fourth and fifth largest in MARA stock ETF holders. com.