On December 5, BlackRock and MARA Holdings acquired 7,750 BTC and 1,423 BTC, respectively, while an unknown whale bought 600 BTC against the backdrop of the first cryptocurrency's price drop to $90,500.
On that day, Bitcoin's drop from the peak exceeded 13% — the price collapsed from an ATH above $104,000 to $90,500 before "bouncing back" to $98,000.
On December 5, inflows into the iShares Bitcoin Trust ETF (IBIT) from BlackRock amounted to $770.5 million, which ensured positive dynamics across all similar products in general ($766.7 million).
The AUM of the structure reached $51.46 billion — almost half of the sector's overall figure ($109.2 billion).
"The fastest-growing ETF in history," reminded Apollo founder Thomas Farrar.
MARA's Bitcoin purchases followed the closing of the second issuance of convertible bonds for $850 million.
MARA bought Bitcoins worth $618 million.
According to Arkham Intelligence, the company increased its Bitcoin reserves to 22,114 BTC ($2.17 billion) — 162% more than a month ago.
Since July, MARA has adhered to a "full hodl" strategy. This approach involves holding mined coins with further strategic acquisitions of the asset. The latter will be carried out using cash and attracting capital.
Lookonchain specialists also recorded high activity from an unknown whale. Since November 24, a major player has acquired 1,300 BTC ($127 million), including 600 BTC ($58.85 million) on December 5.
The day before, Semler Scientific added 303 BTC to its balance at an average price of $96,779.
Recall that on December 5, Donald Trump congratulated the crypto community on passing the digital gold level of $100,000.
Is volatility everything? Experts described the trajectory of Bitcoin's price after reaching $100,000.
