According to Lookonchain, BlackRock has purchased an additional 5,613 BTC valued at $529.5 million, bringing its total Bitcoin holdings to 620,252 BTC worth $58.51 billion as of May 6, 2025 (source: x.com/lookonchain/status/1919763117694976147). Since April 21, BlackRock has accumulated 47,064 BTC totaling $4.44 billion. This aggressive acquisition signals strong institutional confidence in Bitcoin, potentially pressuring supply and supporting upward price momentum. Traders should closely monitor BlackRock's activity as continued accumulation by major institutions can strengthen bullish sentiment and increase market volatility.

According to Crypto Rover, BlackRock has purchased 25,430 Bitcoin (BTC) over the past seven days, bringing its total holdings to 601,209 BTC valued at $56.11 billion. This significant accumulation highlights BlackRock's aggressive strategy in the cryptocurrency market and signals strong institutional confidence in Bitcoin. Traders should closely monitor potential supply constraints and increased market volatility as a result of this large-scale acquisition, as such whale activity often influences short-term price movements and market sentiment (source: Crypto Rover on Twitter, April 30, 2025).

According to Crypto Rover, BlackRock's significant holdings of $48 billion in Bitcoin and $1.9 billion in Ethereum highlight their strong conviction in the cryptocurrency market. This substantial investment by a major financial institution could influence market dynamics and investor sentiment, potentially leading to increased trading activity and interest in these digital assets.