BlackRock’s Bitcoin Holdings Surge: Closing in on Binance’s Stash

BlackRock, a global investment giant, has significantly increased its Bitcoin holdings, nearing a remarkable 370,000 BTC. This surge in investment positions BlackRock as a major player in the cryptocurrency market, inching closer to Binance in terms of Bitcoin ownership.

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The iShares Bitcoin Trust (IBIT), BlackRock’s flagship Bitcoin ETF, has been a driving force behind this growth. IBIT’s strong inflows reflect increasing institutional interest in Bitcoin as a viable asset class.

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This development highlights the growing adoption of Bitcoin among institutional investors, signaling a potential shift in the cryptocurrency landscape. With BlackRock’s substantial investment, Bitcoin’s position as a digital store of value continues to solidify.