Bitcoin price maintained its position above $122,000 on Thursday, supported by BlackRock’s IBIT spot Bitcoin ETF reaching a major milestone of over 800,000 BTC in assets under management (AUM). The world’s largest cryptocurrency has shown resilience after hitting a new all-time high of $126,199 earlier this week, supported by strong institutional inflows and dovish signals from the Federal Reserve.
Launched in January 2024, BlackRock’s IBIT has amassed approximately 802,257 BTC, worth nearly $100 billion, representing approximately 3.8% of Bitcoin’s total supply. This meteoric rise was fueled by substantial net inflows, with the ETF receiving 3,510 BTC yesterday, pushing its total holdings above 800,000 BTC.
The increase in institutional interest has been especially evident in the broader ETF market, with US spot Bitcoin ETFs having collectively attracted more than $60 billion in cumulative inflows since their debut. Recent data shows an impressive eight-day streak of positive inflows totaling more than $5.7 billion, with IBIT alone accounting for $4.1 billion of that amount.
The eight-day ETF inflow underlines persistent structural demand, while corporate government bond participation continues to grow, adding ballast to Bitcoin’s narrative as a strategic reserve.
A notable trend occurring alongside the success of ETFs is the rapid increase in companies adding Bitcoin to their corporate bonds. This week, DDC Enterprise Limited announced a $124 million equity financing round to expand its Bitcoin holdings. This follows a pattern of growing corporate interest in Bitcoin as a government bond, with companies viewing it as a hedge against inflation and currency devaluation.
The corporate bond trend has gained significant momentum, with BlackRock’s ETF now holding more Bitcoin than Michael Saylor’s MicroStrategy, which holds about 640,031 BTC (3.1% of total supply). This shift represents broader institutional acceptance of Bitcoin as a legitimate asset for government bonds.
The Bitcoin market received additional support from the latest signals from the Federal Reserve. The minutes of the September meeting showed that around half of policymakers expect two more rate cuts before the end of the year, adding to positive sentiment among risk assets.
CryptoQuant’s latest report indicates that profit-taking activity remains relatively low despite Bitcoin hitting new all-time highs, indicating the potential for continued upside momentum.
As geopolitical tensions ease and institutional adoption grows, Bitcoin’s position as a mainstream financial asset continues to strengthen. With corporate bond adoption accelerating and ETF inflows maintaining their momentum, the market appears poised for potential further gains in the fourth quarter of 2025.
The combination of strong institutional demand, a favorable monetary policy outlook, and growing corporate adoption suggests that Bitcoin’s current price level may be supported by more substantial fundamentals than in previous bull markets.
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