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Crypto

BlackRock's $1.5 Billion Bitcoin Buying Spree Continues

Guavy AI Editorial Team
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BTC ARKM
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BlackRock's Bitcoin holdings have seen a significant surge in recent weeks. Over the past month, the leading asset management firm has spent over $1.5 billion on Bitcoin purchases, adding to its already substantial stash of 801,769 BTC.

The latest data from Arkham Intelligence shows that BlackRock has continued to buy Bitcoin during most ETF trading sessions over the past month. This aggressive accumulation of Bitcoin has further solidified BlackRock's position as a dominant force in the Bitcoin ETF market.

Notably, the recent purchase of $195.6 million worth of BTC came after Bitcoin rebounded above $84,000, sparking fresh interest from institutional investors in the cryptocurrency.

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