BlackRock, Goldman Sachs, and Fidelity Increase Bitcoin Holdings, UAE and Other Countries Also Join the Buying Spree
On May 10, it was reported that BlackRock increased its Bitcoin holdings by purchasing twice, each worth $69 million, acquiring a total of 682 BTC, with a recent total investment of $138 million. This marks BlackRock's 18 consecutive days of investing in Bitcoin. Goldman Sachs disclosed holding $1.65 billion worth of Bitcoin through ETFs, becoming the largest holder of BlackRock's IBIT globally, with 30.8 million shares valued at $1.4 billion. Since December last year, the company has increased its IBIT holdings by 6.8 million shares and holds 3.47 million shares of FBTC valued at $250 million. Fidelity also purchased $35.3 million worth of Bitcoin. On the same day, BlackRock and Fidelity jointly invested $104.3 million in Bitcoin. Previously, BlackRock boldly acquired 47,064 BTC worth $4.44 billion, after which Bitcoin surpassed $100,000. Additionally, the founder of Neoclassic Capital revealed on CNBC that the UAE and many other countries are also purchasing Bitcoin.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Don't Expect an Agressive Rate-Hike Cycle, Goldman Says -- WSJ
US Dollar Climbs to Six-Week High Against The Loonie as Federal Reserve Lifts Interest Rate
Update: TORM Shares Rise After Hafnia Agrees to Acquire More Equity Stake in Company
Fed Officials Project Inflation Will Return to Target by 2029 -- Market Talk
Crypto prices
More
