Crypto Power Play: BlackRock wird mit Major Bitcoin und Ethereum Kauf groß
Crypto Power Play: BlackRock Goes Big With Major Bitcoin And Ethereum Purchase
Crypto Power Play: BlackRock wird mit Major Bitcoin und Ethereum Kauf groß
Crypto Power Play: BlackRock Goes Big With Major Bitcoin And Ethereum Purchase
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tldr; BlackRock, the world’s largest asset manager, has made a significant investment in Bitcoin and Ethereum, purchasing $750 million worth of the cryptocurrencies within two days. The firm acquired 413 BTC valued at $46 million and 73,864 ETH for $342 million on August 27, followed by another purchase of 568 BTC and 65,901 ETH. This move highlights BlackRock’s growing confidence in crypto as an institutional-grade asset class and signals increasing demand among institutional investors despite market fluctuations.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
This is not their growing confidence.
They dumped a ton the week prior, pushed the price down and now rebought at lower levels.
They will do it again.