BlackRock, Goldman Sachs, and Fidelity Boost Bitcoin Holdings to $1.65B, UAE and Other Nations Join In

BlackRock has increased its Bitcoin holdings by purchasing 682 BTC worth $69 million, followed by another $69 million acquisition, totaling $138 million in recent investments. This marks 18 straight days of inflows into Bitcoin for BlackRock.

Goldman Sachs has disclosed holding $1.65 billion in Bitcoin through ETFs, becoming the largest global holder of BlackRock's IBIT with 30.8 million shares valued at $1.4 billion. The firm added 6.8 million shares of IBIT since December and maintains 3.47 million shares of FBTC valued at $250 million.

Fidelity also bought $35.3 million worth of Bitcoin, contributing to a collective investment of $104.3 million in Bitcoin by BlackRock and Fidelity on the same day.

BlackRock's bold move to acquire 47,064 BTC valued at $4.44 billion preceded Bitcoin's surge past $100,000. Additionally, the founder of Neoclassic Capital revealed on CNBC that the UAE and many other nations are buying Bitcoin.

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