BlackRock Buys 16,975 BTC ($1.17B) as Bitcoin Price Surges Over 8% in a Week
Last week, investment giant BlackRock made a significant move by purchasing 16,975 BTC, valued at $1.17 billion. This major acquisition coincided with Bitcoin’s price rising by more than 8% over the past week, showcasing the impact of institutional interest on the market.
This development highlights the growing confidence in Bitcoin among traditional financial players.
