Blackrock accumulates $24 billion in Bitcoin and is approaching 2% of the total supply

From January 11 to September 26, 2024, Blackrock, the world’s largest asset manager, amassed 363,626.36 bitcoins, valued at just over $24 billion as of September 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT. , on the verge of controlling nearly 2% of the total bitcoin supply. A look at how Blackrock quickly amassed billions (…)