Blackrock Buys Big! 4,869 BTC Added—Are They Gunning for 400K by Year-End?

Blackrock Buys Big! 4,869 BTC Added—Are They Gunning for 400K by Year-End?

By alberdioni8406 | Barraca Crypto | 23 Oct 2024


While everyone were taking profits, Blackrock ETF product IBIT was buying more Bitcoin to feed their customers, they bought yesterday 4,869 BTC worth 332 million dollars. Blackrock is not in the marketing to play with their product but to be one of the biggest HODLers of Bitcoin.

With this buy, Blackrock is cementing their position as the most powerful ETF in the market and consolidating their status as one of the best brand on investment management fund.

Blackrock started the ETF market with just 2,600 Bitcoin and now their hold more than 386,000 Bitcoin and at the speed they are buying, probably End the year with more than 400,000 Bitcoin on their vault. If they have more than 26 billion dollars in stash, they are definitely a force in the market! Remember:

CONTENT IS KING!

Be smart and updated in this wild wild west of crypto

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