#BTCvsMarkets BlackRock's iShares Bitcoin Trust (IBIT) recently purchased $643.2 million worth of Bitcoin, bringing their total holdings to a significant amount. According to recent reports, IBIT acquired a substantial amount of BTC, with notable purchases made on April 21, 22, and 23, totaling $878.3 million in just three days.

*Recent Purchases:*

- *April 23*: $643.2 million worth of BTC

- *April 22*: $193.5 million worth of BTC

- *April 21*: $41.6 million worth of BTC

These purchases have contributed to BlackRock's growing dominance in the Bitcoin market. With a total of 569,343 BTC valued at $58.32 billion, BlackRock's CEO Larry Fink remains optimistic about Bitcoin's future, predicting it could reach $700,000 with 2-5% institutional allocations.¹ ²