According to filings submitted by investment manager BlackRock, the company has made some rather big investments in two leading publicly traded Bitcoin mining companies.
A June 30th filing submitted to the US SEC, which was discovered by Forbes magazine, indicates that BlackRock has a 6.71% stake in Marathon Digital Holdings (MARA) and 6.61% of Riot Blockchain (RIOT).
The investments are worth $384 million in total – $207 million worth of Marathon and $176 million worth of Riot.
BlackRock’s iShares Russell 2000 ETF owns more shares in Marathon and Riot than any other ETF.
This isn’t the first time that BlackRock toys with digital assets – at the beginning of the year, the company filed an application with the US SEC for two of its funds to buy cash-settled Bitcoin futures contracts. In April, BlackRock Global Allocation Fund acquired 37 BTC futures contracts from Chicago Mercantile Exchange.