BlackRock Acquires 47,746 BTC Worth $4.5 Billion as Bitcoin Surges Past $100K, Exceeding U.S. and China Holdings

BlackRock, the world's largest asset manager, has made substantial Bitcoin acquisitions totaling approximately $4.5 billion. The firm recently purchased 682 Bitcoins valued at $69 million, adding to a prior acquisition of 47,064 Bitcoins worth $4.44 billion. These purchases occurred as Bitcoin's price consolidated near $95,000 before surging past the $100,000 mark. Following these acquisitions, BlackRock now holds more Bitcoin than the combined holdings of the United States and China.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.