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Mara and blackrock lead Bitcoin investment amid price dip

MARA buys 11,774 BTC for $1.1 billion: MARA Holdings recently expanded its BTC portfolio by purchasing 11,774 Bitcoin, costing approximately $1.1 billion. This acquisition was funded through the company’s ZERO-coupon convertible notes. The venture significantly lifts MARA’s total Bitcoin holdings to 40,435 BTC, valued at around $3.9 billion.

BlackRock adds 7,750 BTC during price dip: BlackRock took advantage of a Bitcoin price decline to acquire 7,750 BTC. This purchase considerably increases its overall Bitcoin holdings to a market value of $48.9 billion. The move reflects a broader strategy among MAJOR players to capitalize on favorable acquisition opportunities during market fluctuations.

Institutional Bitcoin investments on the rise: The recent activities by MARA and BlackRock underscore a growing trend in institutional Bitcoin investment. Riot Platforms and MicroStrategy are also enhancing their reserves. This ongoing trend highlights rising confidence in Bitcoin’s long-term value, as seen through these institutional strategies to increase cryptocurrency holdings.

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