Global investment giant BlackRock has invested another $13 million in Bitcoin, pushing its total holdings over the past two days to a significant $50 million. This substantial purchase demonstrates surging institutional confidence in cryptocurrency and signals that it’s gaining traction as a core asset class among major financial institutions. 2024 marked a period of increased institutional engagement with crypto, exemplified by BlackRock’s recent launch of a spot Bitcoin ETF, which facilitated broader access to the leading cryptocurrency for traditional investors. Blackrock’s continued commitment to Bitcoin suggests a long-term bullish outlook and is likely to influence other large players in the market. The latest purchase follows on from a previous $13 million investment in less than 24 hours.