Investment Titan Blackstone Makes First Crypto Move With $1M Bitcoin ETF Stake - Crypto Head
The purchase included and was added to its .
This move marks a for Blackstone, which had about digital assets.
In 2019, CEO Steve Schwarzman expressed doubt over cryptocurrencies, saying he favored and found the concept of crypto challenging to grasp.
Alongside the IBIT stake, Blackstone also invested , a crypto ATM provider, and , acquiring 9,889 shares.
Though compared to its broader portfolio, this initial signals , especially via .
Blackstone’s may also reflect a broader trend of traditional financial giants exploring digital assets while maintaining a risk-averse stance.
As of Q1 2025, Blackstone reportedly has $37 billion in investable capital on hand.
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