BlackRock breaks record of last 7 months: Bitcoins exceed $30 billion

BlackRock, the world’s largest asset management company, continues to buy BTC in response to demand for the IBIT ETF. The company also bought $630 million worth of Bitcoin yesterday. With the 8805 BTC purchased, the value of Bitcoins in the company’s possession exceeded $30 billion.

BlackRock breaks record of last 7 months: Bitcoins exceed $30 billion

BlackRock, the world’s largest in this sense with more than $11 trillion in assets under management, also purchased 8,805 BTC on behalf of its clients yesterday. The value of the company’s Bitcoins exceeded $30 billion with this purchase.

BlackRock’s Bitcoin ETF called IBIT closed yesterday’s trading day with a net investment of $642 million. The purchased BTCs correspond to the most purchased by the company in a single day in the last 7 months.

According to the information provided by the company, BlackRock currently holds more than 417 thousand BTCs.

Everyone prefers IBIT

BlackRock has also outperformed many of its competitors in terms of Bitcoin ETFs. Many ETF buyers such as universities, pension funds, and charitable institutions generally prefer this BlackRock IBIT ETF.

Fidelity’s FBTC fund, one of the largest retirement and savings companies, has less than half of IBIT’s investment ($14 billion)…

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