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BlackRock Adds $1.5B to Bitcoin Holdings Amid Institutional Revival

Guavy AI Editorial Team
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BlackRock has significantly increased its Bitcoin holdings after purchasing a net total of $1.57 billion worth of the cryptocurrency over the past month.

The data from Arkham Intelligence shows that BlackRock's latest purchase, which carried a sum of $195.6 million worth of BTC, came following Bitcoin's recent rebound to above $84,000.

This development suggests that the rally has ignited fresh interest from institutional investors in Bitcoin.

Notably, the aggressive Bitcoin accumulation has arrived as BlackRock's spot Bitcoin ETF, IBIT, continues to attract fresh capital from investors.

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