BlackRock Buys 432 BTC, Now Holding 572,658 BTC

- BlackRock Purchases Bitcoin, Accounts for 2.7% of Total Supply - Reflects Institutional Investor Confidence, Reappraising Bitcoin's Long-term Value [Unblock Media] The world's largest asset management company, BlackRock, purchased 432 BTC through its iShares Bitcoin ETF, marking a significant expansion into the cryptocurrency market, according to The Crypto Times. Data from blockchain analytics firm Lookonchain shows that BlackRock acquired these bitcoins at $90,046 per BTC, totaling $38.9 million. This latest purchase brings BlackRock’s total Bitcoin holdings to 572,658 BTC, valued at approximately $51.57 billion (₩74.63 trillion) based on current market prices. Binance founder CZ (Changpeng Zhao) highlighted this trend on Twitter, stating, "BlackRock's Bitcoin ETF is the fastest-growing ETF in history." This move is interpreted as a signal of the sharp growth in the Bitcoin ETF market and the confidence of institutional investors. The resumption of BlackRock's purchase signifies more than just a market movement. Institutional investors generally take a cautious approach and develop long-term strategies. In this regard, BlackRock’s active purchase of Bitcoin suggests that institutional investors trust Bitcoin and view it as a long-term value asset. This trend is also influencing other major institutional investors. Large hedge funds like Brevan Howard Asset Management and Galaxy Digital have already taken aggressive positions in the cryptocurrency market, and several U.S. asset management companies and pension funds are moving to expand their investments in Bitcoin ETFs. The increase in institutional investment is likely to accelerate Bitcoin’s integration into the traditional financial system. Currently, Bitcoin is establishing itself not just as a simple digital asset but as an alternative investment means and a store of value within the global financial system. Bitcoin is particularly evaluated as an alternative that can overcome the limitations of the centralized financial system. Transactions are transparently recorded based on blockchain technology and can be verified by anyone. Additionally, its decentralized structure makes it less susceptible to policy changes or regulatory risks of specific financial institutions, and it offers financial inclusivity for countries or individuals with limited access to the traditional financial system. Regarding the market outlook for Bitcoin, some experts believe it is still undervalued and that continuous growth is possible in the future. Cryptonews has assessed that the price of Bitcoin could reach $610.18 by 2025 and that continuous purchases by institutional investors could support this. The resumption of BlackRock's Bitcoin purchases is expected to further break down the barriers between institutional investment in the cryptocurrency market and the traditional financial and digital asset sectors. However, rather than short-term price volatility, the more crucial factors will be the long-term ecosystem development and the expansion of acceptance.