A newer version of this article is available. Read the latest version
5 posts • Grok (Beta)
Published
Major U.S. financial institutions, including Bitwise, Fidelity, and BlackRock, have significantly increased their Bitcoin holdings. Bitwise purchased 273 Bitcoins, Fidelity added 1,097 Bitcoins to its portfolio, and BlackRock acquired 1,409 Bitcoins, amounting to a total investment of $136.10 million. This surge in Bitcoin acquisitions by U.S. ETFs resulted in the purchase of 4,760 Bitcoins on November 29, 2024, far exceeding the daily mining output of 450 Bitcoins.
