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JUST IN: BlackRock buys 46,464.97 Ethereum worth $137 million.
- BlackRock's $137 million purchase of 46,464.97 Ethereum, reported on July 12, 2025, aligns with a prior $300.9 million acquisition on July 11, 2025, as noted by Crypto Rover, signaling a strategic shift toward institutional crypto adoption amid Ethereum's current price of $2,984.54 USD per CoinMarketCap data.
- This move contrasts with traditional skepticism from financial giants, as BlackRock's CEO Larry Fink has previously defended ESG investing against "woke" criticism, suggesting a pragmatic rather than ideological drive, potentially influenced by Ethereum's growing role in decentralized finance, which supports over 40 top-100 cryptocurrencies.
- No peer-reviewed studies directly address this specific purchase, but research from the National Bureau of Economic Research (2021) on institutional crypto investments indicates that such moves often correlate with a 10-15% short-term price surge, urging caution as market sentiment may amplify volatility.
