Blackrock Bitcoin Accumulation Strategy? Miners? (Patreon)

Could be a stretch here and this chart above understates how much they have accumulated. 

Blackrock have quietly invested $500 million into bitcoin miners. They now also own about 6 1/2% of Cleanspark CLSK after buying some of that a few weeks ago. Now I have a weird theory about this so be patient but maybe it's their only on ramp to Bitcoin - but their investments now will make crazy gains once they get approved for the BTC Spot ETF.. 

BlackRock has filed for a spot bitcoin exchange-traded fund (ETF).

-> If approved, this would be a major step towards mass adoption of bitcoin.

--> Institutional investors are already investing heavily in bitcoin mining.

----> A bitcoin ETF would lead to even more institutional investment in mining blowing up the prices of miners as this would help to sustain and upgrade the bitcoin blockchain infrastructure.

------> It would also likely lead to a hype cycle and higher bitcoin prices.

Consequently, causing the market capitalization of the Miner investments they've previously undertaken to surge. Hence, it's possible that their approach to capitalize on the Bitcoin surge involves focusing on miners...