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BlackRock's June Bitcoin (BTC) Stack Hits $3.85 Billion.

Arkham statistics indicate that top asset giant BlackRock purchased $3.85 billion of Bitcoin (BTC) in June alone.

This action affirms BlackRock's strong belief in this cryptocurrency and hints at an increase in institutions' interest in the digital currency.

Many traders and investors see this as a strong sign that traditional finance is merging with crypto at a faster pace than expected. The data shows multiple large transfers from Coinbase Prime wallets to BlackRock's IBIT Bitcoin wallets.

Individual transactions ranged from $5 million to over $90 million. Each of BlackRock's BTC purchases shows its gradual acquisition strategy.

Such purchases in low quantities over prolonged periods ensure that the company does not crowd demand, and pricefluctuations are minimal. The method provides insight into how large players can hedge risk when purchasing similar assets.