- Blackrock bought 477 BTC and 1250 BTC for ~$150M
- These two purchases happened in just 48 hours
Blackrock has made several large purchases, yesterday buying 477 BTC and an even larger purchase of 1250 BTC today. The amount of purchases in just 48 hours totaled ~$150M.
More About Another Large Bitcoin Purchase from Blackrock
Blackrock is aiming for the European market but it is not losing activity on the US market either, proving it with its large purchases in the last 48 hours.
While Fidelity, Grayscale, and others are also active, Blackrock is being more aggressive and buying without fear, even during Bitcoin dips.
Thus, Blackrock holdings are 5 times higher than their closest competitor Fidelity, 575811 vs. 196933 BTC, respectively, at the time of writing.
Similarly, we see higher value among other ETFs and, importantly, flatter dynamics than the recent declines of Fidelity, even worse for ARK21 and Bitwise.
Conclusion
Blackrock is one of the strongest players so far and is expanding the most. How long its dominance will last is not known, but it may not end if it follows an accurate strategy.
Stay tuned for updates, be adaptive in the rapidly evolving financial and crypto landscape, and keep your strategy grounded, balanced, and beneficial.
