BlackRock CEO Says Sovereign Wealth Funds Accumulated Bitcoin Below $90,000
BlackRock CEO Larry Fink said sovereign wealth funds purchased Bitcoin during its recent decline below $90,000. Speaking at the New York Times DealBook Summit on December 4, 2025, Fink said these state-backed investors bought incrementally at $120,000 and $100,000, then increased purchases when Bitcoin fell into the $80,000 range. He said these institutions are building long-term positions rather than trading.