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BlackRock has continued to extend its large Bitcoin purchases since the broader crypto market began to see renewed interest.
BlackRock purchased over $900 million worth of Bitcoin within five days in April 2024.
KEY POINTS
- BlackRock's buy accounted for over 90% of capital inflow into Bitcoin ETFs that week.
- This purchase is BlackRock's biggest weekly Bitcoin buy of the year after recent volatility.
- Significant institutional buying has reduced Bitcoin on exchanges to approximately 2.6 million coins.
COMPANIES
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