PANews reported on October 25 that Spot On Chain monitoring showed that BlackRock's iShares Bitcoin Trust (IBIT) has increased its holdings of Bitcoin for 9 consecutive trading days, purchasing a total of 29,714 BTC (about US$1.99 billion). The total holdings currently reach 399,355 BTC (about US$27.16 billion), accounting for more than 2% of the circulating supply of Bitcoin.