BlackRock Doubles Down on Bitcoin with $1.2 Billion Investment

BlackRock just made a major move in the cryptocurrency market, acquiring an additional $1.2 billion worth of Bitcoin. This latest investment comes after the SEC’s approval of spot Bitcoin ETFs earlier this year and marks BlackRock’s significant commitment to digital assets as they continue to reshape global finance. Analysts attribute the surge in Bitcoin’s price – a 5.2% jump following the purchase – to institutional confidence, driving increased trading volumes across major exchanges.