The latest data from blockchain analytics firm Akham reveals that BlackRock, a leading asset management company with over $10 trillion in assets under management, has been aggressively accumulating Bitcoin. According to Akham, BlackRock purchased $2.6 billion worth of Bitcoin in just one week, averaging more than half a billion dollars per day. This significant Bitcoin acquisition comes as the cryptocurrency is currently trading at $99,137, with a slight decrease in value over the past 24 hours.
In addition to Bitcoin, BlackRock has also been actively acquiring Ethereum, the top smart contract platform. Akham’s data shows that BlackRock bought $500 million worth of Ethereum in the previous week, resulting in a 50% increase in their Ether holdings over the past 30 days. Ethereum is currently trading at $3,935, with a 1.33% decline in value in the last 24 hours.
Furthermore, Akham reveals the Bitcoin holdings of tech companies SpaceX and Tesla, both owned by billionaire Elon Musk. According to the blockchain analytics firm, the Bitcoin holdings of SpaceX and Tesla have increased nearly threefold from their average cost basis. Tesla currently holds 11,509 BTC, equivalent to $1.17 billion, while SpaceX holds 8,285 BTC, valued at $842 million. The Bitcoin purchases made by these companies had an average cost basis of $34,980 per BTC, resulting in a substantial profit of $1.3 billion (186%) on these investments.
To stay updated on the latest news and trends in the cryptocurrency space, be sure to subscribe to receive email alerts directly to your inbox. You can also follow Akham on various social media platforms such as X, Facebook, and Telegram for real-time updates and insights. With the growing interest and investment in digital assets like Bitcoin and Ethereum by institutional investors and tech companies, the cryptocurrency market continues to attract attention from financial giants and industry leaders around the world.
Overall, the recent data from Akham underscores the increasing institutional interest in Bitcoin and Ethereum, with asset management powerhouse BlackRock making significant purchases of both cryptocurrencies. Additionally, the substantial Bitcoin holdings of tech companies SpaceX and Tesla highlight the growing adoption of digital assets in the corporate world. As the cryptocurrency market continues to evolve and mature, investors and industry players are closely monitoring these developments to capitalize on the potential opportunities presented by blockchain technology and digital currencies. Subscribe and follow Akham on social media to stay informed about the latest trends and movements in the cryptocurrency market.
