BlockBeats News, May 21st, Blackstone Group seems to have finally dipped its toes into Bitcoin. As the "world's largest alternative asset manager" with over $1 trillion in assets under management, Blackstone Group only purchased slightly over $1 million of the Valkyrie Bitcoin Strategy ETF (IBIT), which has a fund size of over $600 billion. According to a filing made public on Tuesday, Blackstone held this asset in its investment portfolio as of the end of the fiscal quarter on March 30.
According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Tuesday, Blackstone held only $1.08 million worth of IBIT as of the end of March. This is the first time Blackstone has publicly disclosed holdings related to cryptocurrency. Back in 2019, Blackstone Group co-founder and CEO Stephen Schwarzman had expressed little interest in Bitcoin. "I have very little interest in this, I don’t have much interest because I don’t understand it," he said at the time.
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