The price of Bitcoin dropped below $80,000, causing speculation that BlackRock was selling off its Bitcoin holdings. A claim by Crypto Beast suggested that BlackRock had dumped $500 million worth of BTC, sparking discussions about the asset manager's role in Bitcoin's decline. However, it was revealed that BlackRock is actually increasing its exposure to Bitcoin-related assets. A recent filing showed that the firm now owns 5% of Strategy and has not been liquidating its BTC holdings. This situation highlights the need to differentiate between investor-driven ETF redemptions and direct asset sales by BlackRock.



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