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The Defiant 2025-03-19 20:54:29

$11.5 Trillion BlackRock Buys 2660 BTC for $218 Million, Labels Bitcoin as Emerging Global Monetary Alternative

BlackRock, the $11.5 trillion asset manager, has recently purchased $218 million worth of Bitcoin, marking a significant investment in the cryptocurrency. This move follows earlier purchases by BlackRock, totaling $42.3 million and $45 million over the past few days, with the latest transaction involving 2660 BTC, the biggest buy in over a month. In addition to these investments, BlackRock has publicly stated that 'Bitcoin is an emerging global monetary alternative,' indicating a shift in the perception of cryptocurrencies within traditional financial institutions. The firm has also released a video aimed at educating investors on digital assets, further emphasizing Bitcoin's role in the global financial landscape. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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