BlackRock acquired more than $505.7 million in Bitcoin in just two days, according to data published by Arkham Intelligence. The move puts an end to weeks of consistent selling by the asset manager and was executed amid a BTC recovery that pushed the asset above $75,000, delivering considerable daily gains.
The purchases bring BlackRock’s total Bitcoin holdings to $59.31 billion at the close of the session. This figure stands in sharp contrast to the lows recorded on February 25, when market volatility pushed the fund’s positions to their lowest level of the cycle.
Since that floor, the asset manager’s holdings accumulated a recovery of more than $11 billion in value. The company’s move may be interpreted by the market as a signal of greater institutional confidence, aligned with growing optimism among retail investors. Several market analysts note that a wave of purchases could anticipate the start of a new bull cycle, though BlackRock made no public statements regarding its buying strategy.
Source: https://x.com/arkham/status/2044651964353691761
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