$XRP
💥Breaking News💥
JUST IN: BlackRock buys 3,450 $BTC worth $357.7 million.
BlackRock, the world’s largest asset manager with over $10 trillion in assets, purchased 3,450 Bitcoin for $357.7 million, signaling strong institutional confidence in cryptocurrency despite market volatility, as noted in their 2024 Investment Institute report on Bitcoin’s portfolio role.
The purchase aligns with Bitcoin’s 2025 price surge, having already crossed $100,000 per coin, driven by Wall Street adoption and BlackRock CEO Larry Fink’s endorsement of Bitcoin’s fixed 21-million supply as a hedge against currency devaluation, per Forbes (Dec 2024).
This move reflects a broader trend of whale activity, with another whale withdrawing 500 BTC ($47.82 million) from Binance during a price dip, indicating long-term investment strategies amid a $2.66 trillion crypto market cap, as reported by Exploding Topics (April 2025).
