A general and atom‐economical synthesis of 1,1‐diborylalkanes fromalkenes and a borane without the need for an additional H2 acceptor is reported for the first time. The key to our success is the use of an earth‐abundant zirconium‐based catalyst, which allows a balance of self‐contradictory reactivities (dehydrogenative boration and hydroboration) to be achieved. Our method avoids using an excess