BlackRock Buys $294M of Bitcoin, Ethereum
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BlackRock, Inc., the world's largest asset manager, has acquired $240 million in Bitcoin and $54 million in Ethereum, as confirmed on April 24, 2025.
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BlackRock's purchase signals increased institutional interest in digital assets, leading to immediate market effects with Ethereum's price rising by 5.2%.
BlackRock's expansion into digital currencies began with regulatory filings for ETFs and ETPs in 2023. CEO Larry Fink shifted from skepticism, describing Bitcoin as "digital gold" and Ethereum as a "platform for tokenized finance."
Following BlackRo