Bitcoin accumulation by BlackRock continues unabated, with the asset manager now holding 363,626 BTC as of September 27, 2023. BlackRock's long-term bullish stance on crypto has positioned it as a prominent player in the institutional investment arena.
On September 27, BlackRock acquired 1,434 BTC valued at approximately $94.3 million. This purchase follows a significant acquisition of 4,460 BTC valued at $289 million on September 26. Over the past four days, the total Bitcoin purchases by BlackRock have reached 5,894 BTC, amounting to a total value of $387.68 million.
With its current holdings valued at $23.68 billion, BlackRock is solidifying its status as one of the leading institutional investors in the Bitcoin market. This ongoing accumulation reflects BlackRock's strong belief in the potential of Bitcoin and other cryptocurrencies.
