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WallStreet Forex Robot 3.0
Market Cap
24h Vol
13105
Cryptocurrencies
60.37%
Bitcoin Share
Coin Edition 2025-02-12 13:29:00

BlackRock Bucks the Trend: Buys Bitcoin Again, This Time $50 Million Worth

BlackRock Bucks the Trend: Buys Bitcoin Again, This Time $50 Million Worth

Fidelity, Grayscale, and Invesco are selling BTC BlackRock bought $50 Million Worth of Bitcoin BlackRock’s recent $1 billion Bitcoin purchase in a single week has notably increased its holdings, now representing a substantial 2.7% of the total Bitcoin supply Arkham Intelligence reported on X that while major financial institutions like Fidelity, Grayscale, and Invesco are reducing their Bitcoin holdings, BlackRock has made a pretty substantial acquisition of $50 million worth of Bitcoin. The contrasting actions of these institutions could point to differing perspectives on Bitcoin’s future. Or, it could just mean that Fidelity, Grayscale, and Invesco are simply reallocating assets, securing profits, or adjusting their exposure to Bitcoin due to market volatility or internal strategies. BlackRock’s purchase, however, indicates a bullish outlook on Bitcoin, suggesting confidence in its long-term value. This acquisition aligns with previous reports of BlackRock increasing its Bitcoin assets. Notably, Arkham recently reported that BlackRock bought $1 billion worth of Bitcoin in a single week, bringing their holdings to 2.7% of the total Bitcoin supply. … The post BlackRock Bucks the Trend: Buys Bitcoin Again, This Time $50 Million Worth appeared first on Coin Edition .

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60.37%
Bitcoin Share
220
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