CandleFocus BlackRock’s Staggering BTC Buy: 8,805 BTC Added, Holdings Rise to $29.84B
2024-10-31
Author: Content Editor
BlackRock, the largest asset manager in the world, has made its largest single-day Bitcoin purchase in the past seven months, acquiring 8,805 BTC worth $630 million. This brings their total Bitcoin holdings to 417,058 BTC, valued at $29.84 billion. The recent purchase follows previous acquisitions and solidifies BlackRock's position as a major institutional investor in the cryptocurrency space. The continual investment by BlackRock is seen as a bullish sign for Bitcoin, potentially influencing other institutional investors and leading to increased participation in the crypto sector.
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