BlackRock Acquires $107.9M in Bitcoin, Following $42M Purchase of 480 BTC

BlackRock has made substantial investments in Bitcoin, purchasing $42 million worth of the cryptocurrency on March 25 and an additional $107.9 million on March 26. The first transaction involved the acquisition of approximately 480 Bitcoin, while the second involved around 1,230 Bitcoin. These purchases are seen as a bullish indicator for the cryptocurrency market as BlackRock continues to expand its involvement in digital assets through its spot Bitcoin ETF.

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