BlackRock, one of the largest asset management companies in the world, has just purchased 1,388 Bitcoin (BTC) worth $164.3 million, according to an announcement from the X Whale Insider account. This purchase marks a strategic move by the company under the leadership of Larry Fink to strengthen its position in the digital asset market, supported by the successful launch of the iShares Bitcoin Trust (IBIT), one of the largest Bitcoin ETFs.
At the current Bitcoin price, estimated at around $108,066 per BTC (based on CoinMarketCap data in July 2025), this transaction reflects BlackRock's confidence in the long-term potential of Bitcoin as part of institutional investment portfolios. This move aligns with a statement from Samara Cohen, CIO of Fixed Income at BlackRock, who previously emphasized the importance of integrating Bitcoin into capital markets to create new investment strategies, as discussed in BlackRock’s official podcast.
This purchase also sparks speculation about BlackRock’s broader strategy, especially as the company has continued to increase its exposure to crypto since 2023. Market observers believe this move could encourage other institutions to follow BlackRock’s lead, accelerating the mainstream adoption of Bitcoin.#DayTradingStrategy #NewsAboutCrypto
