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BREAKING:

BLACKROCK JUST BOUGHT $327.3 MILLION WORTH OF BITCOIN

THEY BOUGHT 12,500 $BTC IN THE LAST THREE DAYS, TOTALING $1.16 BILLION

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BlackRock has recently made a significant move in the cryptocurrency market by purchasing 12,500 BTC, valued at approximately $327.3 million. This acquisition brings their total Bitcoin holdings to over 569,000 BTC, worth around $57.75 billion, making BlackRock one of the largest institutional holders of Bitcoin globally. ​blockchainreporter+6Finbold+6Blockchain News, Opinion, TV and Jobs+6

This strategic investment underscores BlackRock's growing confidence in Bitcoin as a long-term asset class. The firm's Bitcoin holdings have been steadily increasing, with notable purchases such as 8,805 BTC in October 2024 and 4,528 BTC in the same month. ​CryptoNews+2Cryip.com+2blockchainreporter+2

As of now, Bitcoin (BTC) is trading at $93,272, reflecting a 0.64% increase from the previous close. The intraday high stands at $94,184, with a low of $91,810.​

This move by BlackRock is seen as a bullish signal for the cryptocurrency market, indicating increasing institutional interest and confidence in Bitcoin's future prospects.