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Market
When will Bitcoin reach a new all-time high in 2024?
4
Resolution / Starting Odds
Yes, before July 2024 • 25%
Yes, between July and December 2024 • 25%
No, it will not reach a new all-time high • 25%
Other • 25%
Publicly available cryptocurrency exchange data
Story
BlackRock and Metaplanet Increase Bitcoin Holdings with $742M Purchase, Now Hold 1.76% Supply
Oct 11, 2024, 04:37 PM
BlackRock has significantly increased its Bitcoin holdings amid the cryptocurrency's recent price dip below $60,000. Over the past 16 days, BlackRock purchased $742 million worth of Bitcoin, bringing its total holdings to 369,822 BTC, valued at approximately $22.4 billion. This strategic move comes as the market experienced $196 million in liquidations and Bitcoin's price fluctuated around key resistance levels. Additionally, BlackRock sold 182 BTC worth $11.34 million and bought 7,574 ETH for $18.52 million, reflecting a diversified investment approach. Metaplanet also participated in the buying spree. BlackRock now holds 1.76% of the Bitcoin supply in only 10 months.
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Similar markets
Less than $70,000 • 25%
$70,000 to $80,000 • 25%
$80,000 to $90,000 • 25%
More than $90,000 • 25%
Yes, and the new all-time high is above $70,000 • 25%
Yes, and the new all-time high is between $60,000 and $70,000 • 25%
Yes, and the new all-time high is below $60,000 • 25%
No, Bitcoin does not reach a new all-time high • 25%
