In a recent and pivotal move within the cryptocurrency realm, BlackRock’s iShares Bitcoin Trust has secured a substantial Bitcoin haul from Coinbase Prime, fortifying its position in the volatile market.
The trust executed a noteworthy transaction, acquiring 6,495 BTC valued at a staggering $254.7 million, bringing its total holdings to an impressive 39,925 BTC, equivalent to an estimated $1.59 billion. The timing of this acquisition aligns with a period of increased turbulence in the cryptocurrency sphere, particularly affecting the venerable Bitcoin.
BlackRock Bitcoin Confidence, Grayscale Outflows
Lookonchain’s Twitter account shared insights revealing that the transfer of Bitcoin from Coinbase Prime to BlackRock’s iShares Bitcoin Trust. The enlarged holdings underscore the trust’s unwavering confidence in Bitcoin’s enduring potential as a store of value, even amidst the current market fluctuations.
iShares Bitcoin Trust (#BlackRock) received 6,495 $BTC($254.7M) from #Coin
We współpracy z: https://bitcoinist.com/blackrock-bitcoin-etf-now-at-1-6-billion/
