From January 11 to September 26, 2024, Blackrock, the world's largest asset manager, amassed 363,626.36 bitcoin. This significant accumulation is valued at just over $24 billion as of September 27, 2024.
The massive acquisition positions Blackrock's exchange-traded fund (ETF), IBIT, on the verge of controlling nearly 2% of bitcoin's total supply. This calculated move highlights the growing institutional interest in cryptocurrency investments.
