Blackstone makes its first bet on Bitcoin, purchasing only $1.08 million from IBIT Fund

According to a report by Golden Finance, Blackstone seems to have finally made a move towards Bitcoin, but the investment giant still seems to have not taken this world's largest cryptocurrency seriously. As of the end of March, Blackstone only holds the BlackRock Spot Bitcoin ETF (IBIT) worth $1.08 million, marking Blackstone's first disclosure of investing in cryptocurrency assets. The total size of this ETF exceeds $60 billion, making it the most popular ETF for tracking Bitcoin prices. Despite managing over $1 trillion in assets, Blackstone's investment in Bitcoin is still "just a little bit". As early as 2019, Stephen Schwarzman, co-founder and CEO of Blackstone, stated that he did not like Bitcoin, "I am not very interested in it because I find it difficult to understand.