BlackRock Targets ₱29.99 billion ($500 million) Crypto Revenue by 2031
BlackRock CEO Larry Fink announced a ₱29.99 billion ($500 million) annual crypto revenue target within five years in his 2026 shareholder letter, signaling the asset manager's crypto business is moving from experimental to core. The firm's digital asset footprint spans Bitcoin holdings, tokenized funds, stablecoin reserves, and exchange-traded products.
Key Takeaway
BlackRock's $500 million crypto revenue bet signals Wall Street now treats digital assets as core business, not speculation.
BlackRock CEO Larry Fink forecasted ₱29.99 billion ($500 million) in annual crypto revenue within the next five years in his 2026 shareholder letter, marking the asset manager's most ambitious public crypto outlook yet.
The firm handles 800,000 BTC worth ₱3.3 trillion ($55 billion) through its iShares Bitcoin Trust, according to Forbes. BlackRock also manages $2 billion in its USD Institutional Digital Liquidity Fund, which became the world's largest tokenized fund last year. Add $65 billion in stablecoin reserves and $80 billion in digital-asset exchange-traded products to the portfolio.
Fink argued tokenization will "update the plumbing of the financial system" and pushed back hard on Warren Buffett's "worthless" Bitcoin characterization. He framed Bitcoin as protection against financial insecurity and fiscal deficits, saying people own it because they're frightened of their physical security or financial security. That's a sharp departure from his 2018 stance when he downplayed crypto until it showed "legitimacy and transparency."
The letter also warned that other nations could overtake the US if it lags in digitization and tokenization adoption. Fink cited Juniper research showing 50% of the world's population carries a digital wallet on their phone.
Bitcoin traded at $69,420 on March 25, 2026, down 2% over 24 hours and 7% over the past week.
This article was written based on reporting from NewsBTC.
