Bitcoin: BlackRock Buys $184 Million Worth Of BTC In One Day
According to the data from Farside Investors, BlackRock purchased $184.4 million worth of Bitcoin (BTC), 2913 coins to be exact, on Wednesday, Sept. 25, 2024. The figure represents the highest amount of BTC purchased in a single day in September. The development also highlights the growing dominance of BTC-based exchange-traded funds (ETFs) in the US. Also Read: Cardano: What’s ADA’s Price If Its Market Cap Hits $500 Billion? Source: Farside Investors With Wednesday’s $184 million BTC purchase, BlackRock’s total holdings have risen to 359,279 BTC, worth around $23 billion. The world’s largest asset manager, with nearly $10 trillion worth of assets under management, has overtaken the likes of Microstrategy in the amount of BTC held. Microstrategy, a company heavily bullish on Bitcoin, holds around 252,220 BTC, worth around $16 billion. Will Bitcoin Rally After BlackRock’s Purchase? BlackRock’s massive BTC purchase highlights the growing client demand for exp...