strong buy
BlackRock's Bitcoin Holdings Reach Over 3% of Total Supply
BlackRock, a massive financial entity, holds every 31st bit that will ever exist. Since its launch in January of last year, the ETF iShares Bitcoin Trust has accumulated 666,842 BTC, representing 3.18% of the total supply.
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AI Analysis
The document highlights BlackRock's substantial involvement in Bitcoin through its ETF, iShares Bitcoin Trust, which has amassed a considerable amount of Bitcoin — over 666,842 BTC, making up 3.18% of...
AI Recommendation
Given the notable accumulation by BlackRock, it would be prudent for investors to monitor further institutional involvement and market reactions. If the trend continues, Bitcoin's price could experien...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.