BlackRock Acquires 3% of Bitcoin Supply, Positioned as Major Institutional Investor

BlackRock has become a major player in the cryptocurrency market with the acquisition of 3% of Bitcoin’s total supply. This investment positions them among the largest institutional holders of the digital asset, according to reports from PANews and Cointelegraph. The move signifies the increasing interest of large financial institutions in diversifying their portfolios and exploring the opportunities presented by digital currencies.