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<ol>
 <li>BlackRock is a considerable shareholder in four out of five biggest US Bitcoin mining firms.</li>
 <li>The global investment firm is also a shareholder in Michael Saylor’s MicroStrategy.</li>
 <li>BlackRock is aiming to offer a spot BTC ETF soon pending approval by the SEC.</li>
</ol>
<p>Global investment firm BlackRock may be into the Bitcoin rabbit hole more than it cares to admit. In fact, not only does BlackRock want to provide spot BTC exchange-traded funds (ETF) soon, but it may actually be involved more in Bitcoin mining.</p>
<p>According to a post by Bitcoin News, BlackRock is the second-largest shareholder in four out of five biggest Bitcoin mining firms in the US. Namely, these are Riot Blockchain, Marathon, Cipher Mining, and TeraWulf.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p>NEW: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" style="height: 1em; max-height: 1em;"> Blackrock is a majority shareholder in 4 out of the 5 largest <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>&nbsp; miners <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f632.png" alt="😲" style="height: 1em; max-height: 1em;"> <a href="https://t.co/tt6FAXVwfn" rel="noopener noreferrer nofollow">pic.twitter.com/tt6FAXVwfn</a></p>— Bitcoin News (@BitcoinNewsCom) <a href="https://twitter.com/BitcoinNewsCom/status/1695700769696010442?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 27, 2023</a>
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<p>The data provided by Bitcoin News was confirmed on CNN Business’ database. In addition, BlackRock has been aggressively increasing its investment in these companies lately. For instance, with <a href="https://money.cnn.com/quote/shareholders/shareholders.html?symb=CIFR&amp;subView=institutional" rel="noopener noreferrer nofollow">Cipher Mining</a>, BlackRock has a total of 2.2 million shares and has increased its position by 18.63%.</p>
<p>However, the lion’s share of stocks purchased for the above-mentioned Bitcoin mining firms goes to The Vanguard Group, another US-based investment giant.</p>
<p>To set the record straight, BlackRock is not the majority shareholder in these BTC mining firms.</p>
<p>BlackRock was once mum about cryptocurrency at best, and critical at worst. The winds have shifted, particularly this year, when the global investment juggernaut announced its interest in offering a spot BTC ETF.</p>
<p>What is more, BlackRock is also a shareholder in MicroStrategy, which holds a lot of bitcoins. Specifically, BlackRock has a 15.24% stake in MicroStrategy.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/blackrock-is-2nd-largest-shareholder-in-4-biggest-bitcoin-mining-firms/">BlackRock Is 2nd Largest Shareholder in 4 Biggest Bitcoin Mining Firms</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

BlackRock Is 2nd Largest Shareholder in 4 Biggest Bitcoin Mining Firms

Crypto News Land

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