BlackRock resumed accumulating Bitcoin and Ethereum on-chain, purchasing 1,308 BTC (valued at approximately $81.5 million) and 7,546 ETH (worth $13.2 million) in a single transaction, according to blockchain analytics data. The move marks the end of a two-month outflow period from the world's largest asset manager.
The timing of BlackRock's renewed buying activity signals potential confidence in digital asset valuations after a sustained period of institutional liquidation. The combined purchase of nearly $95 million in cryptocurrencies represents a notable capital deployment and could influence broader institutional sentiment toward Bitcoin and Ethereum holdings during the current market cycle.
Source:arkm.com