BlackRock Goes on a Bitcoin Buying Spree: Purchases Over $680 Million in BTC

BlackRock, the issuer of the IBIT ETF, acquired more than $680 million in Bitcoin in the last two days. This comes as IBIT, one of the most successful ETFs, is spiking in price. BlackRock’s executives have praised Bitcoin, and it seems to play a key role in the firm’s future strategies. BlackRock’s Massive Purchases According to data from Lookonchain, ETF issuer BlackRock has... source: https://beincrypto.com/blackrock-680-million-bitcoin-purchase-ibit-etf/