BlackRock and Fidelity just scooped up over half a billion dollars in Bitcoin
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BlackRock and Fidelity just scooped up over half a billion dollars in Bitcoin
Institutional accumulation of Bitcoin (BTC) continues at full throttle. On June 25, blockchain data flagged by Arkham Intelligence revealed that BlackRock and Fidelity collectively acquired more than $521 million worth of BTC in a single day. According to the transfer logs, BlackRock’s IBIT ETF address received 4,130 BTC, valued at approximately $436.3 million at the time of transfer, with the purchase coming from Coinbase Prime’s institutional…
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