Investment giant BlackRock may soon have a larger reserve than MicroStrategy with the Bitcoins it purchased.
MicroStrategy, which has 189,150 Bitcoins in its reserve, is among the publicly traded institutions today. at most Bitcoin owner name.
BlackRock’s iShares Bitcoin Trust ETF began trading last week. for fund 11,439 Bitcoins in just two days Purchased.
Investor Luke Broyles warns BlackRock if it continues to buy Bitcoin at this pace It could surpass MicroStrategy by February 1. told.
Bloomberg analyst Eric Balchunas said: “I doubt it will happen that fast, but it will happen.” your comment made.
Bitcoin price started to decline after the ETFs were recently approved, dropping to around $42,660.