BlackRock Acquires $2.5 Billion in Bitcoin Amid Rising Prices
- BlackRock purchased $2.5 billion worth of Bitcoin recently.
- Bitcoin’s price is nearing $100,000.
- BlackRock manages over $11 trillion in assets.
- CEO Larry Fink suggests Bitcoin could replace the US dollar as the reserve currency.
- Riot Platforms sold 475 BTC for $38.8 million and moved more to NYDIG.
- Riot Platforms holds about 6,611 BTC, valued at approximately $642 million.
BlackRock’s recent acquisition of $2.5 billion in Bitcoin highlights its potential to challenge traditional currencies, as noted by CEO Larry Fink. Meanwhile, Riot Platforms continues its transactions with significant BTC sales and holdings.
Source (2.6)https://dailyhodl.com/2025/05/07/blackrock-buys-2500000000-worth-of-bitcoin-as-btc-price-holds-steady-arkham/?rand=59076
