The BlackRock crypto experiment is chugging along at an incredible pace after the world’s largest asset manager added more than $3Bn worth of BTC USD to its portfolio since the Iran-US conflict kicked off at the end of February.
Data from Arkham Intelligence shows that from February 28, the date the US and Israel launched airstrikes across Iran, until today (April 3), BlackRock has quietly added $3.1Bn in Bitcoin to its portfolio and nearly $500M in Ethereum.
This move from the $14 trillion asset manager highlights that smart money is clearly taking advantage of the conflict and the fallout from it, which has seen rising oil prices, investor panic, and the closure of the Strait of Hormuz, stacking crypto while the Fear & Greed Index reads 9/100 (Extreme fear).
The BlackRock crypto buying spree comes as the Bitcoin price trades at $66,800, up a modest +0.8% on the day, while the total crypto market cap is up just +0.7% to over $2.3 trillion.
BlackRock Crypto Exposure Goes Through the Roof in March
The BlackRock crypto fund currently holds approximately $53.39Bn in Bitcoin, according to the real-time wallet dashboard on Arkham Intelligence at the time of writing (April 3).
This amounts to roughly 783,290 tokens, up from 764,930, valued at $50.38Bn on February 28 when the first joint strikes from the US and Israel were launched across Iran.
The roughly 19,000 BTC increase reflects net inflows, as BlackRock clearly sees this as the ultimate dip-buying opportunity and is taking the old saying ‘buy when others are fearful’ literally.
There is a lesson to be learned in here, and it is fairly simple. Follow the smart money, not the influencers on X telling you Bitcoin is heading to $40,000.
While nobody knows exactly where crypto is going, the Fear & Greed Index is sitting at an all-time low, sentiment across the board is in the gutter, and Bitcoin is holding strong above $60,000 even with WW3 on the horizon, all of which are good reasons to believe the bottom is likely close (or is already in).
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How Much Bitcoin and Ethereum Does BlackRock Hold?
BREAKING:
$13 TRILLION BLACKROCK IS NOW HIRING FOR A BITCOIN AND CRYPTO DIRECTOR
SOMETHING IS COMING BIG TIME pic.twitter.com/tJlie19dKz
— Bitcoin professor (@Bitcoinprof0637) March 30, 2026
In total, the Larry Fink-led asset management firm holds $58.78Bn in digital assets, mostly split between Bitcoin USD ($52.54Bn) and ETH ($6.25Bn). Beyond that, the BlackRock crypto portfolio consists of 4-5-figure amounts of random tokens that aren’t purchased by the firm but are sent to it by holders of those projects.
This is a common tactic that has long been used on the likes of Ethereum founder Vitalik Buterin, with his public wallet often receiving tokens for publicity, as some traders may assume these high-profile firms/people have purchased the coin themselves.
Vitalik is known for batch-selling these gifted tokens and putting the proceeds toward his chosen charity endeavors, with many calling it a wholesome 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 more.
One asset, aside from Bitcoin, that BlackRock is buying is Ethereum. While it hasn’t added billions of dollars worth of ETH since the Iran war kicked off, there has been a modest increase of nearly $400M, taking its holdings to just over 3 million.
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