Larry Fink Admits Bitcoin Error as BlackRock’s IBIT Hits Record

Published at 2025-12-03 19:15:15

BlackRock CEO Larry Fink publicly acknowledged on Dec. 3, 2025 that his earlier comment calling Bitcoin an “asset of fear” was mistaken. The statement coincided with reports that BlackRock’s iShares Bitcoin Trust (IBIT) set a new record, a development market participants interpret as evidence of sustained institutional demand for regulated crypto exposure.

The change of tone matters because endorsements and product flows from major asset managers can lower perceived barriers for other institutions and retail platforms. While Bitcoin remains volatile, Fink’s reversal and IBIT’s milestone could encourage further inflows and provide additional price support as more investors consider BTC within diversified portfolios.

BlackRockCrypto MarketsIBITBitcoinInstitutional AdoptionLarry Fink

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Morgan Stanley has named Coinbase and BNY Mellon to custody and administer its proposed Bitcoin Trust; BNY Mellon will act as administrator, transfer agent and cash custodian. The move pairs a major bank with a leading crypto custodian as Morgan Stanley advances a spot-Bitcoin offering for clients.

BitcoinBNY MellonCustodyCoinbaseMorgan StanleyETF

Published at 2026-03-04 12:15:21

STRC Stock Signals 1,000 BTC Buy in Biggest One‑Day Issuance Since July

STRC’s trading volume spiked after an issuance indicating an approximately 1,000 BTC purchase, the issuer's largest one-day move since July. The action points to aggressive accumulation from Strategy, the largest publicly traded bitcoin holder.

InstitutionalBitcoinAccumulationSTRCMarket Volume

Published at 2026-03-04 11:15:47

Ex-OpenAI Researcher’s Hedge Fund Makes $5.52B Bitcoin Mining Bets

Leopold Aschenbrenner’s Situational Awareness LP disclosed $5.52 billion in equity exposure concentrated in power infrastructure, data centers and Bitcoin mining companies, an SEC filing shows. The rapid build-up in under a year signals rising institutional conviction in mining and related infrastructure.

DataCentersBitcoinHedgeFundsEnergyInfrastructureBitcoinMiningSEC

Published at 2026-03-04 10:30:46

Paraguay Turns 1,500 Seized Rigs Into State-Led Bitcoin Mining Program

Paraguay’s state utility ANDE will relaunch 1,500 confiscated Bitcoin mining rigs in partnership with Morphware, running them on surplus hydroelectric power under direct government supervision. The program aims to repurpose seized equipment and generate public revenue while testing a state-run mining model.

BitcoinMiningMorphwareParaguayHydroelectric

Published at 2026-03-04 09:00:16

U.S. Executes First 2026 Bitcoin Transfer From Government Wallet Amid Iran Crisis

On March 3, 2026, U.S. federal authorities moved a small amount of Bitcoin from a government-controlled wallet, the first blockchain-recorded Bitcoin transaction by the U.S. this year. The transfer was logged on-chain amid heightened tensions around Iran.