BlackRock Deepens Its Bitcoin Bet With $529M Purchase

BlackRock has made another major move in the crypto market, buying 5,613 more Bitcoin valued at around $529.5 million. This new acquisition brings its total BTC holdings to a staggering 620,252—worth roughly $58.5 billion.

Since April 21 alone, the firm has acquired 47,064 BTC, spending an estimated $4.44 billion. This continued accumulation signals strong institutional confidence in Bitcoin’s long-term potential.

This article includes third-party insights and is not financial advice.