Major Firms Acquire $100 Billion In Bitcoin

According to Odaily, data from Arkham Intelligence reveals that BlackRock, MicroStrategy, and Fidelity have collectively purchased approximately $100 billion worth of Bitcoin. BlackRock, the world's largest asset management firm, has acquired $50 billion in Bitcoin. MicroStrategy has successfully accumulated $24 billion worth of BTC, while Fidelity has purchased $20 billion, positioning itself at the lower end of these acquisitions. This significant buying pressure, even through over-the-counter transactions, could potentially impact Bitcoin's price during the ongoing bull market.