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According to data from Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF has purchased $1.1 billion worth of BTC over three days. The world’s largest asset Last week, BlackRock made a major move in the cryptocurrency market by purchasing 16,975 Bitcoin (BTC), worth around $1.17 billion. This new acquisition has Hace 1 día BlackRock’s $70 Billion Bitcoin Price Nightmare Just Got A Lot The fund now holds around 3% of the 21 million bitcoin that will ever exist, worth $70 billion at the current BlackRock, the world’s biggest asset manager, acquired an additional $1 billion worth of Bitcoin (BTC) in the past week, raising its holdings to 2.7% of Bitcoin's total supply. The firm’s 53,000 BlackRock’s exchange-traded fund (ETF) bought nearly $1 billion worth of Bitcoin on behalf of its clients on April 28, with continued inflows providing “structural support” BlackRock has received deposits of $100 million in Bitcoin in the last seven days, and its portfolio now holds 570.83 BTC. According to Arkham Intelligence data, the

Bitcoin Price Jumps 7% After BlackRock Buys $1.17 Billion Worth of BTC

Bitcoin (BTC) experienced a significant price surge of 7% after news broke that BlackRock, the world's largest asset manager, acquired a substantial amount of the cryptocurrency. According to data from Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF has purchased $1.1 billion worth of BTC over three days, fueling the price increase.

Last week, BlackRock made a major move in the cryptocurrency market by purchasing 16,975 Bitcoin (BTC), worth around $1.17 billion. This new acquisition highlights BlackRock's increasing confidence in Bitcoin and its potential for future growth. BlackRock’s exchange-traded fund (ETF) bought nearly $1 billion worth of Bitcoin on behalf of its clients recently, with continued inflows providing “structural support” to the market.

The accumulation doesn't stop there. BlackRock, the world’s biggest asset manager, acquired an additional $1 billion worth of Bitcoin (BTC) in the past week, raising its holdings to 2.7% of Bitcoin's total supply. The firm’s holdings are now substantial, with BlackRock receiving deposits of $100 million in Bitcoin in the last seven days, and its portfolio now holding 570.83 BTC, according to Arkham Intelligence data. The fund now holds around 3% of the 21 million bitcoin that will ever exist, worth a substantial amount at the current price. BlackRock’s $70 Billion Bitcoin portfolio makes a major impact.

This massive investment by BlackRock reinforces Bitcoin's position as a mainstream asset and contributes to positive market sentiment. Investors are closely watching BlackRock's continued interest in Bitcoin, anticipating further impact on BTC price and overall market dynamics.

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