BlackRock and Metaplanet Buy Bitcoin Dips Amid Market Volatility
As Bitcoin dips below $60,000, retail investors are panicking, but institutional giants like BlackRock and Metaplanet are seizing the opportunity. BlackRock recently added $742 million worth of Bitcoin to its portfolio, now holding 369,822 BTC. This move shows their confidence in Bitcoin as a hedge against inflation.
Similarly, Metaplanet bought 108.99 BTC, signaling its long-term belief in the cryptocurrency. While institutions are buying, some crypto whales are panic selling, incurring huge losses. Despite market turbulence and inflation concerns, institutional investments suggest strong confidence in Bitcoin's future value.
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