BlackRock keeps stacking up on crypto, but not the one you think

Who knows why.


Finance giant BlackRock is buying crypto at a fast rate but, interestingly, they’re not buying Bitcoin.


Mostly, they’re buying ETH.


Just a couple of days ago, BlackRock bought 100,535 ETH, worth $284.92 million at the time.


This means they’re currently holding 1,352,934 ETH, worth roughly $3.71 billion.


For the record, the company manages assets worth around $11.5 trillion as late 2024.

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