Blackrock Doubles Down on Ethereum with New $8.65 Million Investment

Ethereum (ETH), the second-largest cryptocurrency by market cap, has experienced a surge in recent weeks, and now major asset manager BlackRock is showing its commitment to this digital currency’s potential. The investment firm just added another $8.65 million to their Ethereum holdings through Coinbase, according to crypto commentator That Martini Guy (@MartiniGuyYT) who shared the news on X. This purchase follows a similar move by Blackrock earlier this year when they acquired an estimated $19.65 million worth of ETH via Coinbase. These bold moves signal a strategic approach to integrating digital assets into their portfolio, positioning them for long-term gains in the growing cryptocurrency market.