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BlackRock's Bitcoin assets exceeded the value of MicroStrategy's investments
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BlackRock's Bitcoin assets exceeded the value of MicroStrategy's investments

Mar 10, 2024

The world's largest asset manager, BlackRock, has caused outrage in the cryptocurrency market, which has led to increased investment in bitcoins and an influx of funds into ETFs. According to HODL15Capital, BlackRock's bitcoin (BTC) assets exceeded Michael Saylor's MicroStrategy portfolio.

According to Arkham Intelligence, BlackRock recorded a record one-day inflow of funds in its history last week. After adding a whopping 12,600 BTC worth $842 million to the portfolio, BlackRock's total bitcoin stock reached 183,300 BTC worth a total of $12.3 billion.

According to HODL15Capital's findings, BlackRock's bitcoin assets have grown and exceeded MicroStrategy's accumulations. According to the HODL15Capital chart, BlackRock currently boasts a total stock of 196,089 BTC, while MicroStrategy has 193,000 BTC.

Last month, MicroStrategy acquired another 3,000 tokens worth $155 million. According to Michael Saylor, bitcoins were purchased at an average price of $51,813 per coin. He also added that now the total number of BTC owned by the company is 193,000.

The massive acquisition of BlackRock bitcoins comes at a time of growing inflows of funds into the spot bitcoin ETF. On March 5, BlackRock's iShares Bitcoin Trust (IBIT) registered a maximum inflow of $788 million, exceeding the previous maximum by $612.1 million.

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