BlackRock's Assets Under Management Surpass $10 Trillion in Q2

BlackRock, the world's largest asset manager, announced that its assets under management (AUM) surpassed $10 trillion in the second quarter, representing a 13% increase from the previous year. The company's earnings per share (EPS) also rose to $9.99 from $9.06, while revenue increased by 7.7% to $4.8 billion. BlackRock is currently the largest public holder of bitcoin through its iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF), which now holds over 300,000 BTC. The company's shares rose 1.2% to $838 in pre-market trading.