BlackRock Invests in Cryptocurrency: Depositing Billions in Bitcoin and Ether

The cryptocurrency investment firm BlackRock has significantly bolstered its holdings, according to recent on-chain data from BlockBeats. Analysis by Lookonchain reveals that BlackRock deposited a substantial amount of Bitcoin, valued at approximately $118 million, into a centralized exchange (CEX), along with 25,707 units of Ethereum worth roughly $107 million. This move is noteworthy for the firm’s growing involvement in the digital asset market.