Institutional demand for Bitcoin appears to be strengthening as asset management giant BlackRock continues accumulating the leading cryptocurrency. Data shows the firm has recorded 17,642 BTC worth about $1.28 billion in inflows since February 24, coinciding with a 15% surge in Bitcoin’s price.
BlackRock Carries Out Massive Bitcoin Accumulation
Blockchain tracker Lookonchain, in a recent post on X, revealed that BlackRock has been steadily accumulating Bitcoin over the past few days. According to Lookonchain, the asset manager has accumulated 17,642 BTC since February 24, 2026, worth approximately $1.28 billion.
The purchases highlight a sustained influx of institutional capital into Bitcoin, largely driven by demand through regulated investment vehicles such as spot Bitcoin ETFs. BlackRock’s continued accumulation reinforces its position as one of the most influential institutional players in the digital asset space.
Notably, the asset manager carried out this aggressive accumulation during a period of heightened geopolitical tension. The ongoing conflict between the United States and Iran has continued to rattle global markets, triggering volatility across traditional financial assets. Despite this uncertainty, BlackRock appears to be doubling down on Bitcoin exposure, signaling confidence in the cryptocurrency’s long-term potential.
ETF Inflows Strengthen Institutional Bitcoin Demand
Meanwhile, BlackRock’s recent buying spree has also coincided with strong inflows into Bitcoin exchange-traded funds. According to data from Farside, as of March 4, 2026, Bitcoin ETFs recorded a net inflow of $461.9 million.
Among the funds, BlackRock’s iShares Bitcoin Trust (IBIT) ETF leads with $306.6 million in daily flows, followed by Fidelity’s FBTC, which attracted fresh capital to the tune of $48 million. Meanwhile, data from Lookonchain also shows that Bitcoin ETFs have recorded roughly $1.5 billion in inflows over the past seven days, with IBIT leading the pack.
Further reinforcing the trend, corporate treasury firms are also ramping up Bitcoin accumulation. Recently, Strategy boosted its BTC holdings with a fresh purchase of 3,015 Bitcoin, valued at approximately $204.1 million, highlighting sustained corporate interest in the digital asset.
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Bitcoin Surges Over 15% Amid BlackRock Accumulation
Amid massive accumulation and strong ETF inflows, Bitcoin staged a notable rally, briefly surging to $74,000 during the recent market upswing. For context, during BlackRock’s Bitcoin accumulation period, the price of Bitcoin surged from around $64,000 to $74,000, representing an upsurge of 15.62%.
However, the asset has since slipped back toward the $72,000 region, though it remains up about 3.8% over the past 24 hours, suggesting the market is still maintaining bullish momentum despite short-term pullbacks.
Thus, several market experts are predicting further upside for Bitcoin. Market analyst Ted Pillows noted in a recent post on X that Bitcoin could stage another rally if it holds firmly above $70,000. Another prominent analyst, Michaël van de Poppe, also believes Bitcoin may be gearing up for another upward move but emphasized that the asset must first break past the $74,000 resistance level to confirm a stronger rally.
However, not all crypto stakeholders share the same bullish outlook. BitMEX co-founder Arthur Hayes recently cautioned that the Bitcoin surge could be a dead-cat bounce, arguing that the cryptocurrency has yet to fully decouple from U.S. tech equities, meaning BTC could still face further downside if broader market pressures intensify.
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The CoinRemark Team
Evans Kelvin
