BlackRock's iShares Bitcoin Trust Acquires Over 2% of Bitcoin Supply
10/25/2024 4:18:03 AM
According to Spot On Chain, BlackRock's iShares Bitcoin Trust (IBIT) has significantly increased its Bitcoin holdings, now possessing over 2% of the total circulating supply. The trust has been actively purchasing Bitcoin for nine consecutive trading days, acquiring a total of 29,714 BTC valued at approximately $1.99 billion. This acquisition brings IBIT's total holdings to 399,355 BTC, worth around $27.16 billion, marking a notable influence on the Bitcoin market. (Source)
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