BlackRock Buys 1,000 BTC Worth $84 Million from Coinbase for Its Spot ETF

BlackRock Inc. has purchased $84 million worth of Bitcoin for its spot Bitcoin exchange-traded fund (ETF). The acquisition was made from Coinbase, with BlackRock buying 1,000 BTC from Coinbase Prime wallets.

This move comes as Bitcoin holds strong near a price of $88,000, indicating BlackRock's continued interest in accumulating Bitcoin as part of its investment portfolio.

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