# Blackstone Discloses $1M Stake in BlackRock's IBIT

*Author: Bankless*
*Published: May 20, 2025*
*Source: https://www.bankless.com/read/blackstone-discloses-1m-stake-in-blackrocks-ibit*

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Blackstone disclosed its first-ever crypto investment with a modest $1.08M stake in BlackRock's spot Bitcoin ETF, [The Block](https://www.theblock.co/post/355105/blackstone-finally-bets-on-bitcoin-but-just-barely) reports.

## **What’s the Scoop?**
- **First Crypto Investment**: Blackstone disclosed a $1.08M investment in BlackRock's spot Bitcoin ETF, marking its first documented foray into crypto.
- **Minimal Commitment**: Despite overseeing $1 trillion in assets, Blackstone's BTC investment represents an almost negligible fraction of its portfolio.
- **Cultural Shift in Progress**: The move signals a subtle shift, as Blackstone's CEO previously expressed skepticism about Bitcoin's utility and its links to illicit uses.
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