tl;dr
Blockchain analytics firm Akham reveals that BlackRock, with over $10 trillion in assets, has purchased $2.6 billion of Bitcoin in less than a week. Additionally, BlackRock has acquired $500 million worth of Ethereum in the last week, increasing its Ether balance by 50% in the past 30 days. SpaceX a...
BlackRock, a leading asset management firm with over $10 trillion in assets, has made a significant foray into the world of cryptocurrency. In a mere week, the company accumulated over $2.6 billion worth of Bitcoin, demonstrating a rapid and substantial investment in the digital currency. Not stopping there, BlackRock also acquired $500 million worth of Ethereum in the same period, increasing its Ether holdings by 50% in the past month.
Elon Musk's companies, SpaceX and Tesla, have similarly embraced the cryptocurrency trend. Their Bitcoin holdings, as revealed by blockchain analytics firm Arkham, now amount to $2 billion. Impressively, these holdings have surged nearly threefold from their average cost basis, reflecting a substantial increase in value.
Bitcoin and Ethereum's current trading prices stand at $99,137 and $3,935 respectively. While Bitcoin experienced a marginal decrease in value over the last 24 hours, Ethereum saw a 1.33% decline during the same period.
Arkham's data sheds light on the remarkable growth of Bitcoin holdings within these renowned companies, marking a significant shift in investment strategies within the cryptocurrency landscape.