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BlackRock Amasses Nearly $200 Million in Bitcoin Amid Bullish Sentiment

Guavy AI Editorial Team
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BTC
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BlackRock has increased its Bitcoin holdings by approximately $200.76 million on August 27, indicating continued strong institutional interest following a recent cryptocurrency rally.

The increase comes as Bitcoin is maintaining bullish momentum near the $80,000 mark, supported by significant inflows into U.S. spot Bitcoin ETFs totaling $232.12 million.

This renewed buying from BlackRock, after a previous reduction during market volatility, signals confidence in Bitcoin's long-term potential.

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