Global Stock News

BlackRock spends $107 million on Bitcoin, stablecoin launches, Shiba Inu boss still offline

BlackRock spends $107 million on Bitcoin, stablecoin launches, Shiba Inu boss still offline

  • BlackRock purchased over 1,200 BTC for $107.9 million, signaling strong market preference for Bitcoin among institutions. 
  • Trump backed World Liberty Financial, Custodia Bank, the US state of Wyoming and Fidelity have announced stablecoin launch plans. 
  • Shiba Inu boss Shytoshi Kusama has been offline for over a week now, raising concerns among SHIB holders. 
  • Bitcoin hovers around $87,000, and Shiba Inu tests key resistance at $0.00001428. 

BlackRock, a giant with $11.5 trillion in assets under management, spent $107.9 million to fund its BTC purchase on Wednesday. The move is consistent with demand for BTC among institutional investors. 

Amidst the demand revival among crypto traders, several financial…

Source link

Share this article

Scroll to Top