The post BlackRock’s Bitcoin Game, Strategy or Speculation? appeared first on Coinpedia Fintech News
BlackRock, the giant asset manager and the largest provider of spot Bitcoin Exchange Traded Fund (ETF) in the United States, has been making waves in the cryptocurrency space with its strategic Bitcoin (BTC) acquisitions. On October 21, 2024, BlackRock made another significant purchase of 4,869 BTC, worth $328 million, according to blockchain transaction tracker Lookonchain.
Blackrock continues to buy $BTC this week!#Blackrock bought another 4,869 $BTC($328M) yesterday and currently holds 391,484 $BTC($26.45B).https://t.co/kqNUqHBiTn pic.twitter.com/ufeN2SXHAg
— Lookonchain (@lookonchain) October 22, 2024
BlackRock’s Strategic Bitcoin Acquisitions
These notable acquisitions occurred during a period of market correction. However, this isn’t the first time the asset manager increased its BTC holdings during a downturn. The last time the asset was consolidating, th
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