Two Giant Names of the Market, BlackRock and Metaplanet, Are Preparing for the Bull! They Bought a Large Amount of Bitcoin (BTC)!

Leading cryptocurrency Bitcoin (BTC) Although it fell to $ 58,900 for a short time following the CPI data from the USA yesterday, it later recovered and rose above $ 60,000 again.

While declines are always seen as buying opportunities for big investors, the giant names of the market BlackRock ve Metaplanet Bitcoin accelerated its purchases.

According to Lookonchain’s post, in the last two weeks, BlackRock increased its Bitcoin assets by purchasing $ 742 million.

BlackRock, the world’s largest asset manager, purchased a total of 12,272 Bitcoins in the last 16 days.

The ongoing purchases show asset managers are growing more confident in BTC’s long-term value.

“BlackRock purchased 12,272 BTC worth $742 million in the last 16 days.

Between August 27 and September 24, BTC traded below $60,000 for a long time, while BlackRock accumulated little.

However, they continued their purchases since September 24, adding another 12,272 BTC to their BTC holdings. BlackRock currently holds 369,822 BTC worth $22.4 billion.”

Japanese Giant Continues Bitcoin Purchases!

Besides BlackRock Metaplanet, the giant company seen as the MicroStrategy of Asia also buys Bitcoin dips.

At this point, Metaplanet also made a significant move by purchasing approximately 108.99 BTC for 1 billion yen. BTC Made another purchase.

The latest purchase comes four days after Metaplanet purchased Bitcoin earlier this week.

As of today, October 11, Metaplanet holds a total of 748.50 BTC worth 6.965 billion yen.

BlackRock bought 12,272 $BTC($742M) over the past 16 days.

Between Aug 27 and Sept 24, when $BTC traded below $60K for an extended period, #BlackRock made few accumulations.

Since Sept 24, they’ve resumed buying, adding 12,272 $BTC to their holdings, and currently hold… pic.twitter.com/fnhrI4Ijp8

— Lookonchain (@lookonchain) October 11, 2024

*This is not investment advice.