BlackRock Goes Big on Bitcoin, Now Owns $6.3B in Just 6 Weeks
• BlackRock has acquired over 122,600 Bitcoin (BTC) worth $6.31 billion in just 6 weeks, making it the 11th largest BTC holder
• Initial investment started small with 228 BTC, but rapidly increased to over 26,000 BTC within 2 weeks
• By week 4, BlackRock had invested nearly $1.7 billion in Bitcoin, maintaining an aggressive acquisition pace
• CEO Larry Fink sees BTC as an alternative asset like gold that can be used for wealth holding rather than a currency
• BlackRock's entry signals growing acceptance of crypto among institutional investors and blurs lines between traditional and digital finance