In a move that has the crypto world buzzing, the financial behemoth BlackRock has acquired a staggering $276.16 million worth of Ethereum (ETH) on Feb. 4. 🤑 This acquisition is part of the firm’s ongoing expansion of its Ethereum holdings, with a total two-day purchase of 41,790 ETH worth $128.3 million. 💸
PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH 🤯
— Arkham (@arkham) December 11, 2024
The asset management giant’s involvement with Ethereum kicked off after it filed with the SEC for a spot Ethereum ETF in November last year. 🤑 BlackRock CEO Larry Fink has expressed confidence in Ethereum’s potential, viewing it not as a currency but as a valuable blockchain asset. 🤔
Despite this massive investment, ETH’s price hasn’t shown a significant reaction, trading at approximately $2800 as of Feb. 5, reflecting only a 1% change from the previous day. 🤷♂️ But who knows what the future holds for this crypto giant? 🔮
In the words of the great Leo Tolstoy, “All happy families are alike; each unhappy family is unhappy in its own way.” 😂 And it seems that BlackRock is determined to make Ethereum a happy family, one billion-dollar investment at a time. 💰
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2025-02-05 15:52