According to Lookonchain monitoring, BlackRock has been heavily buying 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 value of about $3.161 billion.
BlackRock purchases over $3.16 billion in BTC and ETH across eight consecutive trading days
TechFlowShare
Summary
BlackRock has implemented a value investing strategy in crypto by purchasing BTC and ETH over eight consecutive trading days. The purchases include 27,722 BTC ($2.2 billion) and 385,633 ETH ($961 million), totaling $3.16 billion. On-chain data from Lookonchain reveals consistent buying pressure, with key support and resistance levels likely being targeted. The firm’s activity indicates a long-term position amid market volatility.
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