# BlackRock’s iShares Bitcoin Trust (IBIT) has accumulated Bitcoin worth more than $537 million in May.

*fintech · news · 2026-05-19 · Finbold*

## Key points

- BlackRock’s IBIT accumulated over $537 million in Bitcoin during May 2024.
- IBIT’s Bitcoin holdings peaked at 823,000 coins before being reduced by 6,000 BTC mid-May.
- Large deposits totaling over 8,000 BTC were sent from IBIT to Coinbase Prime in recent days.
- Despite IBIT’s $7.9 billion in unrealized losses, net purchases by investors continued in May.
- Bitcoin’s price decline in May closely mirrored IBIT’s recent move from accumulation to distribution.

**Companies:** BlackRock, Coinbase
**Countries:** United States

[Read the full story on Finbold](https://finbold.com/blackrock-adds-over-8000-bitcoin-in-may-2026/)

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