BlackRock has taken the decision to reduce the $25 million minimum for in-kind Bitcoin-to-IBIT conversions to $1 million.
By making this change, BlackRock is making it much easier for investors who already own Bitcoin [BTC] to increase their exposure through the BlackRock iShares Bitcoin Trust (IBIT).
Before now, this mechanism was essentially restricted to large institutional or high-net-worth investors due to the $25 million minimum. However, the new $1 million threshold now opens it up to a much wider range of large Bitcoin holders, funds, and professional investors.
Robbie Mitchnick weighs in
That said, the in-kind creations can eliminate the need for middlemen to carry out significant Bitcoin sales and purchases on the open market. It may also increase IBIT’s efficiency and appeal while reducing trading frictions and enhancing liquidity.
Remarking on the same, BlackRock’s digital-assets head Robbie Mitchnick said,
We’ve seen the amount of in-kind activity be a growing number over the three quarters now that that’s been allowed.
Further explaining the reason behind the price limit he added,
So there’s some manualness to the transaction that needs to be undertaken. And so it’s about what providers are willing to support just to make the math and the administrative process work.
For its part, the action was taken in the wake of the recent Coldcard exploit, which raised concerns about self-custody.
Swedish Bitcoin treasury company holdings reach 3,506.4 BTC
At the same time, H100 Group, a Bitcoin treasury and health-tech company listed in Sweden, recently completed a significant acquisition that nearly tripled its Bitcoin treasury without having to pay cash.
The deal increased H100’s total holdings to 3,506.4 BTC by 2,455.37 BTC. This happened after H100 Group completed its acquisition of Norway’s Moonshot and PDI.
The deal is unique because it was set up in a 1:1 Bitcoin-for-Bitcoin fashion, meaning that instead of H100 paying cash to purchase the shares, the sellers essentially received H100 shares in return for the Bitcoin and assets they were contributing.
Given the price of Bitcoin as of the 31st of July, the transaction was estimated to be worth SEK 1.47 billion. Following the purchase of two Norwegian companies, the company’s position in the global public corporate Bitcoin holdings rose from 42nd to 26th.
Bitcoin’s market dynamics
Bitcoin declined by 1.55% in the past 24 hours, trading at $64,081.90 at press time. Meanwhile, after repeatedly entering the Euphoria Zone during the 2025 rally, Bitcoin has now left it in 2026.
Instead of the intense bullishness that was observed last year, the market seems to have moved toward a post-euphoria correction and possible accumulation phase. Hence, a significant push above the $100k price level can change the course of things.
Final Summary
- BlackRock has reduced the $25 million minimum for in-kind Bitcoin-to-IBIT conversions to $1 million.
- H100 Group, a Bitcoin treasury company, nearly tripled its Bitcoin treasury without having to pay cash.
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