Blackstone Group makes its first bet on Bitcoin, holding $1.08 million worth of IBIT

According to BlockBeats, on May 21st, it seems that Blackstone has finally begun to venture into Bitcoin. As the "world's largest alternative asset management company" with assets under management exceeding $1 trillion, Blackstone has only purchased the BlackRock Spot Bitcoin ETF (IBIT) for slightly over $1 million, despite the fund's size exceeding $60 billion. According to the filing released on Tuesday, Blackstone held this asset in its investment portfolio as of the end of the fiscal quarter ending on March 30th. According to the filing submitted to the US Securities and Exchange Commission (SEC) on Tuesday, Blackstone held only $1.08 million in IBIT as of the end of March. This is the first time Blackstone has publicly disclosed its investment in assets related to cryptocurrency. As early as 2019, Stephen Schwarzman, co-founder and CEO of Blackstone Group, stated that he had little interest in Bitcoin. I'm not very interested in it because I find it difficult to understand, "he said at the time.