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BlackRock Acquires 47,746 BTC Worth $4.5 Billion as Bitcoin Surges Past $100K, Exceeding U.S. and China Holdings
By: defi news|2025/05/09 16:15:02
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BlackRock, the world's largest asset manager, has made substantial Bitcoin acquisitions totaling approximately $4.5 billion. The firm recently purchased 682 Bitcoins valued at $69 million, adding to a prior acquisition of 47,064 Bitcoins worth $4.44 billion. These purchases occurred as Bitcoin's price consolidated near $95,000 before surging past the $100,000 mark. Following these acquisitions, BlackRock now holds more Bitcoin than the combined holdings of the United States and China.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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