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BlackRock buys 686 BTC worth $69.4 million.
BlackRock, the world’s largest asset manager, purchased 686 BTC for $69.4 million, adding to its spot Bitcoin ETF (IBIT), which has seen $41.13 billion in inflows since January 2024, reflecting growing institutional adoption of cryptocurrency.
This purchase aligns with BlackRock’s 19-day inflow streak for IBIT, the longest in 2025, following Bitcoin’s all-time high of $73,679 in March, though recent market volatility from US trade tariffs in Q1 2025 has pushed prices to the mid-$60,000 range.
The move signals confidence in Bitcoin’s long-term value, echoing strategies like MicroStrategy’s, led by Michael Saylor, which has consistently bought Bitcoin to maximize shareholder value, as tracked by public SEC filings and Saylor’s tweets.
