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Blackrock invests heavily in Bitcoin and Ethereum

Blackrock’s MAJOR crypto purchases: BlackRock has made substantial investments in the cryptocurrency sector, purchasing $2.6 billion in Bitcoin. This shows increased institutional confidence in crypto markets. They also spent $500 million on Ethereum, increasing their holdings by 50% in just 30 days.

Musk’s firms’ Bitcoin gains: Elon Musk’s companies, Tesla and SpaceX, hold significant Bitcoin investments: Tesla with 11,509 BTC worth $1.17 billion, and SpaceX with 8,285 BTC valued at $842 million. These investments yielded around $1.3 billion in gains, highlighting Musk’s influence on the crypto market.

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