Yes, BlackRock has indeed made a significant $BTC

purchase recently. On March 6, 2025, the asset management giant acquired approximately $38.9 million worth of Bitcoin, as reported by Crypto Rover . This move underscores BlackRock's ongoing commitment to integrating digital assets into its investment strategies.

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This acquisition is part of a broader trend of institutional investment in Bitcoin. BlackRock's iShares Bitcoin Trust (IBIT) has seen substantial inflows, with the ETF receiving $788 million in net inflows on March 5, 2025, marking a record for the fund . Such significant investments by institutional players are often interpreted as bullish signals for the cryptocurrency market.

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As of now, BlackRock holds over 567,000 BTC, valued at more than $47 billion, positioning it as one of the largest institutional holders of Bitcoin . This continued accumulation suggests a strong institutional belief in the long-term value of Bitcoin.

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In summary, BlackRock's recent purchase is a notable development in the cryptocurrency space, reflecting growing institutional interest and confidence in Bitcoin's potential.

Blackrock Inc. (BLK)

$914.97

-$6.52

(-0.71%)

May 6

$923.17

+$8.20

(+0.90%)

After Hours

1D

5D

1M

6M

YTD

1Y

5Y

MAX

1:25 PM

Open

910.49

Volume

482.9K

Day Low

908.00

Day High

926.38

Year Low

752.30

Year High

1,084.22

BITCOIN CME GAP UPDATE 🚨

$BTC currently has 2 unfilled CME gaps — one above and one below the current price. Based on recent price action, it appears more likely the lower gap will be filled first, suggesting a short-term move down.

However, once that happens, a strong reversal could follow — potentially pushing $BTC above $100K this month.

Would you like a chart to visually represent the CME gaps and potential price targets?