coinpedia 2025-05-02 20:54:42

Brown University Discloses $5M in BlackRock’s IBIT: Bitcoin Price Recovers

The post Brown University Discloses $5M in BlackRock’s IBIT: Bitcoin Price Recovers appeared first on Coinpedia Fintech News On-chain data shows long-term holders have continued to aggressively accumulate more Bitcoins in the recent past. A parabolic rally for BTC price is imminent in the coming months fueled by rising global liquidity and institutional adoption. As Gold (XAU) price signals a potential market reversal after an impressive rally since the first quarter of 2024, capital rotation to Bitcoin (BTC) has accelerated. According to market data from Glassnode, Long Term Holders added more than 254k BTCs in the past three months to currently hold about 14.3 million coins. Brown University Holds Bitcoin Brown University, a veteran University founded in 1764, disclosed a $4,915,050 holding of BlackRock’s iShares Bitcoin Trust ETF in the form 13F to the U.S. SEC. The IBIT fund has grown significantly in the last year to currently hold about 607,685.5 Bitcoins, which is worth over $58 billion. Following the announcement, Brown University became the third U.S.-based University to publicly announce a Bitcoin holding. Furthermore, Emory and the University of Austin (UATX) previously announced a significant Bitcoin purchase. Brown University Joins Emory & University of Austin (UATX) as Third US University to Announce Bitcoin Purchase. https://t.co/avfGbEWMrk — matthew sigel, recovering CFA (@matthew_sigel) May 2, 2025 Brown University has a rich balance sheet of more than $7 billion in endowments, which could be converted to Bitcoin in the near future. Moreover, Bitcoin has proved to be a reliable store of value and the United States is about to implement its Strategic Bitcoin Reserve. Impact on BTC Price Action The rising adoption of Bitcoin by institutional investors amid rising global liquidity has helped increase its bullish sentiment. The flagship coin is about to record its fourth consecutive bullish weekly close, after a bearish first quarter fueled by trade war fears. From a technical analysis standpoint, BTC price is now aiming to retest its all-time high and kickstart the much anticipated 2025 parabolic rally. However, a drop below $92k will result in further capitulation and potentially a long squeeze in the subsequent weeks.

Наиболее читаемые новости

$1.9 Million Target? XRP, SOLANA, BITCOIN, ET...
2025-05-03
AERGO’S 30% surge stuns the market – But will...
2025-05-03
Machine Learning Algorithm Predicts Ethereum...
2025-05-03
SUI Takes Bullish Turn, SOL Shows Strength; H...
2025-05-03
Could Ruvi AI (RUVI) Steal TRON’s (TRX) Spotl...
2025-05-03
Cardano Gets Ready For A Comeback But These 2...
2025-05-03
UK Gets First Look at Google Wallet’s New ZKP...
2025-05-03
Undervalued Altcoins to Watch in May 2025: Wh...
2025-05-03

Связанные новости

Прочтите Отказ от ответственности : Весь контент, представленный на нашем сайте, гиперссылки, связанные приложения, форумы, блоги, учетные записи социальных сетей и другие платформы («Сайт») предназначен только для вашей общей информации, приобретенной у сторонних источников. Мы не предоставляем никаких гарантий в отношении нашего контента, включая, но не ограничиваясь, точность и обновление. Никакая часть содержания, которое мы предоставляем, представляет собой финансовый совет, юридическую консультацию или любую другую форму совета, предназначенную для вашей конкретной опоры для любых целей. Любое использование или доверие к нашему контенту осуществляется исключительно на свой страх и риск. Вы должны провести собственное исследование, просмотреть, проанализировать и проверить наш контент, прежде чем полагаться на них. Торговля - очень рискованная деятельность, которая может привести к серьезным потерям, поэтому проконсультируйтесь с вашим финансовым консультантом, прежде чем принимать какие-либо решения. Никакое содержание на нашем Сайте не предназначено для запроса или предложения