BlackRock and Fidelity Buy Over $4.5 Billion in Bitcoin, Ethereum as Bitcoin Surpasses $100K
By: defi news|2025/05/10 14:45:04
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BlackRock and Fidelity have made substantial purchases of Bitcoin and Ethereum in early May 2025, signaling strong institutional interest in cryptocurrencies. BlackRock acquired a total of approximately $4.44 billion worth of Bitcoin, including a notable purchase of 47,064 BTC before Bitcoin's price surged past $100,000. In addition to Bitcoin, BlackRock also bought $17.6 million worth of Ethereum. Fidelity also increased its Bitcoin holdings with purchases totaling $125.3 million over recent days. These acquisitions occurred as Bitcoin's price consolidated near $95,000 before breaking above the $100,000 mark, highlighting renewed confidence from major asset managers in the cryptocurrency market.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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