BlackRock CEO Larry Fink has confirmed that multiple sovereign wealth funds are accumulating Bitcoin, taking advantage of recent price declines to expand their long-term holdings.
Speaking in a December 4, 2025 interview with Forbes, Fink disclosed that these state-backed investment funds "bought more" as Bitcoin retreated sharply from its record highs.
Sovereign Funds Accumulated in the $80,000 Range
According to Fink, the unnamed sovereign entities stepped up their purchases as Bitcoin fell from its peak above $126,000 into the $80,000 range.
According to Forbes, BlackRock CEO Larry Fink revealed that some unnamed sovereign funds are buying Bitcoin, and “they bought more” as the price dropped from its peak of $126,000. Fink stated that these funds are buying “incrementally” and increased their positions when the price…
— Wu Blockchain (@WuBlockchain) December 4, 2025
Rather than treating the correction as a risk signal, the funds viewed it as a strategic entry point, adding to their positions "incrementally" with a focus on long-term exposure.
The comments indicate that sovereign allocators, historically conservative, risk-averse institutions, now see Bitcoin as a credible component of their multi-decade investment frameworks.
A Long-Term Strategy Taking Shape
Fink emphasized that these funds are not trading Bitcoin for short-term gains. Instead, they are building positions methodically, using market pullbacks to accumulate. This behavior mirrors the approach of traditional reserve managers, marking a notable evolution in how governments and state-owned vehicles view digital assets.
Another Legitimizing Moment for Bitcoin
The disclosure adds yet another layer of legitimacy to Bitcoin’s presence in global finance. Sovereign wealth funds joining the buyer cohort reinforces the asset’s shift from speculative fringe instrument to strategic, long-horizon macro asset. Fink’s remarks also align with Bitcoin’s growing integration into institutional portfolios through regulated vehicles.
BlackRock’s IBIT ETF Continues to Shape Demand
The Forbes report that referenced Fink’s comments also highlighted the continued growth of BlackRock’s IBIT spot Bitcoin ETF, which has become the fastest-growing ETF in history. The product has served as a major on-ramp for institutions seeking regulated Bitcoin exposure and may be one of the channels through which sovereign funds are participating.
With sovereign accumulation now publicly acknowledged, Bitcoin’s investor base appears to be entering a new phase, one defined not just by institutions, but by nation-level capital allocating into digital assets with decade-long time horizons.