Bitcoin

<p>BlackRock has again made a significant acquisition of up to $110.7 million in <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> on September 27. As per Lookonchain, a well-known on-chain analytics provider, BlackRock intends to continue its expansion of $BTC holdings with these acquisitions. The analytics platform took to its official social media account to provide the details of BlackRock’s endeavors in this respect.</p><h2 id="header-0">BlackRock Acquires More $1,684 $BTC</h2><p>In its recent X post, Lookonchain noted that BlackRock’s latest Bitcoin acquisition accounts for 1,684 $BTC, equaling $110.7M. As a result of the respective acquisition, the cumulative Bitcoin holdings of BlackRock have reached 365,310 $BTC. This amount reportedly has an estimated worth of nearly $24.04B.</p><p>The latest $BTC acquisition of BlackRock is reportedly part of a series of such purchases that started earlier. Over the last week, the platform has been carrying out a buying spree in an attempt to accumulate Bitcoin. Just in the recent 4 days, the platform has reportedly bought a substantial figure of almost 7,578 $BTC. This amount equals $497.6 million. The continuous $BTC accumulation signifies BlackRock’s mounting confidence in Bitcoin while its institutional demand rises.</p><h2 id="header-1">The Latest $BTC Acquisition Denotes BlackRock’s Efforts to Enhance Bitcoin Holdings</h2><p>Before this, on the 26th of September, <a href="https://www.blackrock.com/corporate/about-us" rel="noopener noreferrer nofollow">BlackRock</a> had bought 1,434 $BTC, accounting for $94.3M. The respective amount increased the cumulative holdings of BlackRock to 363,626 $BTC, equaling $23.68B. Just a day back, on the 25th of September, BlackRock carried out another notable purchase. It added 4,460 $BTC with a value of $289M.</p>

BlackRock Expands Its Bitcoin Holdings by Acquiring Additional $110.7M Worth of $BTC

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