Public announcements or financial disclosures from Blackrock

Fidelity Buys $239.4M in Bitcoin Yesterday, Blackrock Acquires 1206 BTC

Oct 15, 2024, 01:06 AM

Fidelity Investments has made a significant move in the cryptocurrency market by purchasing $239.4 million worth of Bitcoin yesterday, according to recent reports from BBG. This acquisition marks a substantial daily inflow for Fidelity's Bitcoin fund, $FBTC. Additionally, Blackrock has also entered the market, buying 1206 Bitcoins. These actions by major financial institutions indicate a growing institutional interest in Bitcoin, potentially driving the cryptocurrency to new all-time highs.