The new data from the Arkham market intelligence reveals that Titan Blackrock asset management has bought billions of dollars of Bitcoin (BTC) while the flagship asset of crypto ends on $ 100,000.
In a new thread on the X social media platform, Arkham said This BlackRock, which has more than $ 11 dollars of assets under management, bought a value of 2.5 billion dollars in BTC last week.
In his annual letter to investors, the CEO of Blackrock, Larry Fink, suggests that Bitcoin could one day become the global reserve currency, replacing the US dollar.
Said Fink,
“The United States has benefited from the dollar serving as a global reserve currency for decades. But it is not guaranteed to last forever. The national debt has increased the pace of GDP three times since the Times Square debt clock began to check in 1989. This year, the interest will exceed $ 952 billion – exceeding defense.
By 2030, compulsory public spending and the debt service consume all federal income, creating a permanent deficit. If the United States does not control its debt, if deficits continue from balloon, America is likely to lose this position against digital assets such as Bitcoin. »»
Meanwhile, Arkham notes that the Bitcoin extraction company listed in public Riot Platforms sells hundreds of BTC.
“Riot has just reported that they had sold 475 BTC in April for $ 38.8 million. In April, they moved exactly 475 BTC in Nydig. [Monday]They just transferred $ 6.7 million BTC to Nydig. Are they coming even more this month?
Arkham's data show that the company's portfolio now includes around 6,611 BTC, worth around $ 642 million at current prices.
At the time of the editorial staff, Bitcoin is negotiated at $ 97,238.
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