{"id":138100,"date":"2024-09-28T19:00:26","date_gmt":"2024-09-28T16:00:26","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138100"},"modified":"2024-09-28T13:22:35","modified_gmt":"2024-09-28T10:22:35","slug":"blackrocks-bitcoin-btc-holdings-soar-to-23-6-billion","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blackrocks-bitcoin-btc-holdings-soar-to-23-6-billion\/","title":{"rendered":"BlackRock\u2019s Bitcoin (BTC) Holdings Soar to $23.6 Billion"},"content":{"rendered":"

With nearly a decade of bullish activity in the crypto space, the asset manager shows no signs of slowing down.<\/p>\n

On September 27, BlackRock acquired an additional 1,434 BTC valued at $94.3 million, adding to its total of 5,894 BTC purchased over the last four days\u2014equivalent to $387.68 million. A prior acquisition on September 26 of 4,460 BTC, valued at $289 million, brought its total Bitcoin<\/a> <\/strong>holdings to 363,626 BTC, worth approximately $23.68 billion.<\/p>\n

Lookonchain reports<\/a> <\/strong>that BlackRock now holds 363,626 BTC, worth $23.68 billion, making it the third-largest Bitcoin holder after Satoshi Nakamoto and Binance, which holds about 550,000 BTC. As BlackRock continues to increase its Bitcoin reserves, it is quickly approaching Binance\u2019s holdings.<\/p>\n

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Bitcoin Must Hold Above This Level to Preserve Momentum, Analytics Firm Warns<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

BlackRock views Bitcoin as a safe haven asset. Robbie Mitchnick, the firm\u2019s head of digital assets, emphasizes that Bitcoin is not tied to any one country\u2019s economic situation, offering protection against risks such as currency devaluation and political instability. Mitchnick notes that while Bitcoin has experienced periods of correlation with equities, it behaves similarly to gold over the long term, with a low correlation to other assets.<\/p>\n