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BlackRock Increases Bitcoin Holdings with $291 Million Purchase of 5,000 BTC

Oct 16, 2024, 02:59 AM

BlackRock has significantly increased its Bitcoin holdings, purchasing approximately 5,000 BTC over the past two days. The investment firm acquired 4,310 BTC worth $288.8 million on October 15, followed by additional purchases bringing the total to $291 million. This brings BlackRock's total Bitcoin holdings to over $25 billion. Earlier, BlackRock bought $80 million in Bitcoin, and another purchase included 4344 BTC.