Markets· ★★★★· bullish·

BlackRock Adds $1.57B in Bitcoin Over Past Month

  • —BlackRock bought $1.57 billion in Bitcoin over the past month
  • —Latest purchase was $195.6 million after BTC topped $84,000
  • —Total holdings now 801,769 BTC, worth about $67.87 billion
  • —Bitcoin accounts for 87% of BlackRock's $77.93 billion crypto portfolio
Why it matters: Steady accumulation by the largest asset manager signals sustained institutional demand via IBIT and underpins Bitcoin's price.
#BTC#ETH
Source: U.Today
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