Wisconsin Investment Board Increases BlackRock Bitcoin ETF Holdings to 6 Million Shares
The State of Wisconsin Investment Board (SWIB) increased its investment in bitcoin through BlackRock’s iShares Bitcoin Trust (IBIT). Key details include:
- Ownership rose to over 6 million shares as of December 31, up from approximately 2.9 million three months earlier.
- The current position is valued at $340 million, based on an IBIT price of $56.10.
- If bitcoin's price reaches $98,000, the position would be worth about $588 million.
- In 2024, SWIB became the first fund to report a bitcoin ETF purchase, acquiring 94,562 shares of IBIT and previously holding shares of Grayscale's Bitcoin Trust (GBTC).
- The State of Michigan Retirement System also reported holdings in bitcoin ETFs, including the ARK 21Shares Bitcoin ETF (ARKB).
- SWIB manages over $156 billion in assets for state employees and trust funds.
- Today is the deadline for institutional investors managing at least $100 million to report quarterly holdings to the SEC.