Bitcoin’s reputation as “digital gold” just got a powerful boost. In a remarkable show of confidence, major financial players like BlackRock and Fidelity — along with the State of Texas — are making massive Bitcoin purchases, signaling that institutional and even government support for crypto is growing stronger.
Here’s what’s happening, why it matters, and how it could impact Bitcoin’s future.
BlackRock and Fidelity Scoop Up Over Half a Billion in Bitcoin
On June 25, blockchain data flagged by Arkham Intelligence revealed that BlackRock and Fidelity collectively purchased more than $521 million worth of Bitcoin in a single day — one of the largest institutional buying events in recent memory.
- BlackRock snapped up approximately $436 million worth of Bitcoin (~4,130 BTC) and has also accumulated Ethereum over recent months.
- Fidelity added 805 Bitcoin worth roughly $85 million to its holdings.
- Grayscale, another institutional heavyweight, also appears to be buying Bitcoin aggressively.
These moves come as Bitcoin continues to gain acceptance as a legitimate alternative asset class. When companies like BlackRock — the world’s largest asset manager — publicly accumulate crypto, it helps validate Bitcoin’s role in traditional investment portfolios.
Texas Becomes Third State With Official Bitcoin Reserve
It’s not just corporations jumping in. Texas Governor Greg Abbott signed the “Bitcoin Reserve” bill into law on June 21, officially authorizing the state to allocate a portion of its treasury funds into Bitcoin. With a treasury estimated at $21 billion, even a modest 10% allocation could result in a $2.1 billion investment in Bitcoin.
Texas joins New Hampshire and Arizona as the only U.S. states with legislation enabling them to hold Bitcoin reserves. This milestone underscores a growing shift: U.S. states are starting to treat Bitcoin as a strategic asset, much like foreign currency reserves or gold.
Mortgage Giants Now Recognize Crypto as an Asset
In another major development, mortgage giants Fannie Mae and Freddie Mac have been ordered to recognize crypto holdings as legitimate assets when evaluating mortgage applications. This means that Bitcoin and other cryptocurrencies can now factor into whether individuals qualify for home loans, even without converting them to U.S. dollars.
This move could further integrate crypto into the mainstream financial system by acknowledging it as a real component of personal wealth.
MicroStrategy Continues to Lead Corporate Bitcoin Buying
MicroStrategy — led by outspoken Bitcoin bull Michael Saylor — remains one of the largest institutional holders of Bitcoin. As of mid-2025, the company owns approximately 592,000 BTC, worth an estimated $63 billion, after consistent, large-scale purchases throughout the year.
MicroStrategy stock (MSTR) has delivered eye-popping returns, up 179% over the past year, far outpacing the S&P 500’s 13% return during the same period. The company’s aggressive Bitcoin strategy has made it a go-to proxy for investors seeking exposure to Bitcoin through the stock market.
How Investors Can Gain Exposure to Bitcoin
If you’re wary of directly buying Bitcoin, there are alternative strategies to gain exposure:
✅ Buy stocks of Bitcoin-heavy companies: Companies like MicroStrategy, Coinbase, BlackRock, and Fidelity have significant Bitcoin holdings or businesses tied to crypto. Their stocks often move with Bitcoin prices but offer diversification.
✅ Dividend potential: While Bitcoin itself doesn’t generate income, companies like BlackRock pay dividends. Investing in Bitcoin-exposed firms can let you benefit from crypto’s upside while collecting regular income.
✅ Consider crypto-friendly ETFs: Several ETFs now track Bitcoin or Bitcoin-related equities, making it easier than ever to add crypto exposure to traditional portfolios.
A Sign of Mainstream Adoption?
Skeptics like Warren Buffett argue Bitcoin lacks intrinsic value because it produces nothing. But with leading financial institutions, massive corporations, and even U.S. states adding Bitcoin to their balance sheets, the asset’s legitimacy is gaining momentum.
These purchases could signal the early stages of another bull run — especially if more states or corporations follow Texas’s lead. Whether you’re a die-hard Bitcoin enthusiast or a cautious observer, the writing on the wall is clear: Bitcoin is moving deeper into the mainstream.
Bottom line: Massive buys by BlackRock, Fidelity, MicroStrategy, and now Texas itself show Bitcoin is evolving from a speculative asset into a widely held institutional investment. If this trend continues, the future of Bitcoin could look very different from its volatile past.