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BlackRock Invests $750M and $400M in Bitcoin Following Grayscale Sale
Dec 10, 2024, 12:40 AM
BlackRock has made a significant investment in Bitcoin, purchasing $750 million worth of the cryptocurrency. This move follows Grayscale's sale of $150 million in Bitcoin, with BlackRock stepping in to acquire five times that amount. Bitcoin briefly dipped below $100,000, but BlackRock's acquisition reflects confidence in the asset despite market fluctuations. Additionally, reports suggest BlackRock also purchased $400 million worth of Bitcoin on a separate occasion, further solidifying its position in the cryptocurrency market.
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