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Crypto

BlackRock's Crypto Buying Spree Reaches $3 Billion

Guavy AI Editorial Team
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BlackRock's recent buying spree has sent shockwaves through the crypto market. Over an eight-day period, the investment giant acquired 27,722 Bitcoin and 385,633 Ethereum, worth approximately $2 billion and $961 million respectively.

This surge in demand has contributed to a significant increase in BlackRock's crypto assets under management, rising by $15.11 billion in August 2026 to reach $68.48 billion.

The firm's buying power is so strong that it is absorbing more Bitcoin than is being mined daily, highlighting the limited supply and strong demand for these digital assets.

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