BlackRock adds over 8,000 Bitcoin in May 2026
BlackRocks iShares Bitcoin Trust (IBIT) has accumulated Bitcoin ($BTC) worth more than $537 million in May. At the beginning of May, BlackRock‘s IBIT held about 810,000 $BTC, according to on-chain data from Arkham Intelligence, analyzed by Finbold on May 19. By the end of the first week of May, IBIT’s Bitcoin holdings surged to roughly 823,000 coins, an increase of 13,000 BTCs. IBIT Bitcoin holdings for 1 month. Source: Arkham Intelligence Over the subsequent day through Tuesday, BlackRocks IBIT has trimmed its $BTC holdings by 6,000 coins to around 817,000 units at the time of reporting. On Monday, IBIT deposited 2,221 $BTC, valued at about $170.59 million, to Coinbase Prime, as Finbold reported. During the past 24 hours, the fund deposited 5,847 $BTC, worth approximately $449 million, into Coinbase Prime. As such, BlackRock investors have shifted from the initial aggressive Bitcoin accumulation recorded earlier this month to notable distribution. BlackRock investors accumulate Bitcoin despite unrealized losses BlackRock investors have continued to net purchase Bitcoin in May despite the fund being in notable net unrealized losses. Since Bitcoins early price capitulation in February 2026, IBIT has remained in net unrealized losses, currently hovering at $7.9 billion. IBIT profit and loss chart for three months. Source: Arkham Intelligence With BlackRocks