List of Flash News about BlackRock BTC acquisition
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2025-05-06 11:03 |
BlackRock Adds 5,613 BTC in 24 Hours, Total Holdings Reach $3.92B: Impact on Bitcoin Price and Crypto Market
According to @AltcoinGordon on Twitter, BlackRock has accumulated 5,613 BTC in the past 24 hours, increasing its two-week total to 41,452 BTC valued at $3.92 billion (source: AltcoinGordon, May 6, 2025). This substantial institutional buying signals strong bullish sentiment and may drive further upward momentum in Bitcoin prices. Such large-scale accumulation by a major asset manager often reduces available supply on exchanges, which can create upward price pressure and increased volatility, making it a critical signal for traders to monitor. The size and pace of BlackRock's BTC purchases are likely to influence both short-term trading strategies and long-term investor confidence across the cryptocurrency market. |