Blackstone makes first Bitcoin investment... buys $1 million in ETF

Blackstone, known as the world's largest alternative asset manager, has made its first cryptocurrency investment.
According to a report filed with the U.S. Securities and Exchange Commission (SEC) on the 20th (local time), Blackstone
As of March 31, BlackRock's iShares Bitcoin Trust
The ETF (IBIT) holds 23,094 shares, worth about $1.08 million.
The IBIT stake represents a small portion of Blackstone's overall $1.2 trillion in assets under management.
It was confirmed that the company has been included in the "BTMIX Multi-Strategy Fund," which is said to have assets of approximately $2.63 billion.
According to the announcement, Blackstone is looking to acquire Bitcoin ATM operator Bitcoin
Depot (BTM) 4,300 shares (worth $6,300) and ProShares
It was revealed that Blackstone purchased 9,889 shares of the Bitcoin ETF (BITO) for $181,166. Blackstone calls itself an "alternative asset management company," but
Until recently, Blackstone CEO Steve Schwarzman had been relatively cautious about cryptocurrency investments.
Schwarzman, while praising the blockchain technology itself, once described the idea of using it as a currency as "pretty strange."
At the time, he said, "I grew up in a world where someone had to control currency," adding, "I found it difficult to understand cryptocurrency technology and I wasn't very interested in it."