Huo Xing Finance reports that, on August 27, according to Lookonchain data, BlackRock has made large-scale purchases of BTC and ETH for eight consecutive trading days, accumulating a total of 27,722 BTC (approximately $2.2 billion) and 385,633 ETH (approximately $961 million), for a combined total of about $3.161 billion.
BlackRock purchases $3.16 billion in BTC and ETH over eight consecutive trading days
MarsBitShare
Summary
BlackRock has been purchasing BTC and ETH for eight consecutive days, accumulating a total of 27,722 BTC and 385,633 ETH, valued at approximately $3.16 billion. According to Lookonchain, the purchases include $2.2 billion in Bitcoin and $961 million in Ethereum. This strategy aligns with value investing in crypto, as the firm builds positions near key support and resistance levels.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.