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BlackRock keeps stacking up on crypto, but not the one you think

BlackRock keeps stacking up on crypto, but not the one you think

Finance giant BlackRock is buying crypto at a fast rate but, interestingly, they're not buying Bitcoin.


Mostly, they're buying ETH.


Just a couple of days ago, BlackRock bought 100,535 ETH, worth $284.92 million at the time.


This means they're currently holding 1,352,934 ETH, worth roughly $3.71 billion.


For the record, the company manages assets worth around $11.5 trillion as late 2024.

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LeftFooted

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