BlackRock's Bitcoin Holdings Skyrocket Past 320,000 BTC

IconCryptoNewsTerminal Staff17 Jul, 2024

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BlackRock's Bitcoin Holdings Skyrocket Past 320,000 BTC

BlackRock's Bitcoin spot ETF, iShares Bitcoin Trust (IBIT), has increased its BTC holdings to over 320,000, a significant milestone in the world of cryptocurrency. This surge in BTC acquisition signals BlackRock's growing confidence in the digital asset market. As of January 16th, IBIT's BTC holdings stand at 322,125.4136, equivalent to approximately $20.918 billion. This marks a substantial increase of 4,005.0559 BTC since January 15th. This recent surge in BTC holdings by BlackRock highlights the increasing institutional adoption of cryptocurrencies. As a leading asset management firm, BlackRock's growing investment in Bitcoin reflects the potential of digital assets as a valuable asset class.

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