#BabyMarvin_f9c7🔥
BlackRock is going crazy! Today BlackRock spent another £8.7 billion buying Bitcoin!
You may not have a concept of this number, so let me give you an analogy: The Bitcoin block reward is about to drop to 3.125, and only around 450 new Bitcoins are mined each day.
With £8.7 billion today, BlackRock could buy 12,428 Bitcoins!
If we calculate based on 450 new Bitcoins mined per day, it would take 27.6 consecutive days for the newly mined Bitcoins to match the amount they purchased.
Moreover, during this period, they have almost been continuously buying, and even on the day they bought the least, they spent £1.8 billion to buy 2,685 Bitcoins.
