According to ChainCatcher, Blackstone seems to have finally started engaging with Bit, and as the "world's largest alternative asset management company" with over $1 trillion in managed assets, Blackstone purchased just over $1 million of BlackRock's spot Bit ETF (IBIT), while the fund's size exceeds $60 billion. Based on the filing disclosed on Tuesday, Blackstone held this asset in its portfolio at the end of the financial quarter on March 30.
According to the filing submitted to the SEC on Tuesday, Blackstone held only $1.08 million of IBIT as of the end of March. This is the first time Blackstone has publicly disclosed an investment in a crypto-related asset. As early as 2019, Blackstone co-founder and CEO Stephen Schwarzman had stated that he was not very interested in Bit. "I'm not very interested because I find it hard to understand," he said at the time.
