$BTC Bollinger Band Narrowing: Just asking if you are following or not: Hard to decide_ If you follow, you'll be at the peak: If you don't follow, there's no peak... 😂 Difficult

On May 10, BlackRock increased its Bitcoin holdings by purchasing a total of 682 BTC through two purchases worth $69 million each, with a recent total investment of $138 million.

Goldman Sachs holds $1.65 billion worth of Bitcoin through ETFs, becoming BlackRock's IBIT global largest holder with 30.8 million shares worth $1.4 billion. Since December last year, the company has increased its holdings by 6.8 million shares of IBIT and holds 3.47 million shares of FBTC worth $250 million.

Fidelity also purchased $35.3 million worth of Bitcoin. On the same day, BlackRock and Fidelity jointly invested $104.3 million in Bitcoin.

BlackRock previously acquired 47,064 BTC worth $4.44 billion, after which Bitcoin broke through $100,000. The founder of Neoclassic Capital revealed on CNBC that the UAE and other countries are also purchasing Bitcoin.