🚨 BlackRock has just made another significant move into crypto, picking up a combined total of $94 million worth of Bitcoin and Ethereum. The world’s biggest asset management firm added 477 BTC, valued at around $43.67 million, along with 16,629 ETH, worth roughly $50.64 million. Both assets were transferred to BlackRock through Coinbase Prime, showing this wasn’t a small retail purchase but a coordinated institutional acquisition.
This latest buy signals that BlackRock continues to strengthen its position in the crypto market despite recent price swings. Large-scale purchases like this usually reflect long-term conviction rather than short-term speculation. When a company with trillions in assets under management allocates nearly $100 million to $BTC and $ETH in a single move, it’s another reminder that institutional interest is far from slowing down.
What makes this even more notable is the timing. Market sentiment has been mixed recently, with volatility causing uncertainty for many smaller investors. Yet BlackRock appears unfazed, continuing to accumulate during these conditions. Their steady buying could act as a vote of confidence and may even influence broader market behavior, as other institutions tend to pay attention to their moves.
In short, BlackRock quietly added another $94 million to its crypto stack through Coinbase Prime, reinforcing its growing involvement in Bitcoin and Ethereum.
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🚨 BlackRock has just made another significant move into crypto, picking up a combined total of $94 million worth of Bitcoin and Ethereum. The world’s biggest asset management firm added 477 BTC, valued at around $43.67 million, along with 16,629 ETH, worth roughly $50.64 million. Both assets were transferred to BlackRock through Coinbase Prime, showing this wasn’t a small retail purchase but a coordinated institutional acquisition.
This latest buy signals that BlackRock continues to strengthen its position in the crypto market despite recent price swings. Large-scale purchases like this usually reflect long-term conviction rather than short-term speculation. When a company with trillions in assets under management allocates nearly $100 million to $BTC and $ETH in a single move, it’s another reminder that institutional interest is far from slowing down.
What makes this even more notable is the timing. Market sentiment has been mixed recently, with volatility causing uncertainty for many smaller investors. Yet BlackRock appears unfazed, continuing to accumulate during these conditions. Their steady buying could act as a vote of confidence and may even influence broader market behavior, as other institutions tend to pay attention to their moves.
In short, BlackRock quietly added another $94 million to its crypto stack through Coinbase Prime, reinforcing its growing involvement in Bitcoin and Ethereum.
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