#BlackRock and MicroStrategy are buying Bitcoin aggressively.#
Hot Topic Overview
Overview
In 2024, both BlackRock and MicroStrategy demonstrated significant buying power in the Bitcoin market. Data shows that BlackRock purchased $50 billion worth of Bitcoin in 2024, while MicroStrategy bought $24 billion worth, resulting in a combined purchase of $74 billion. This move indicates the growing interest of large institutional investors in the cryptocurrency market and further solidifies Bitcoin's position as digital gold.
Ace Hot Topic Analysis
Analysis
BlackRock and MicroStrategy significantly increased their Bitcoin holdings in 2024. BlackRock purchased $50 billion worth of Bitcoin, while MicroStrategy bought $24 billion worth, totaling $74 billion in Bitcoin purchases by the two companies. This move has been interpreted by the market as a growing acceptance of cryptocurrencies by institutional investors, particularly the value of Bitcoin as digital gold, which is being increasingly recognized by institutions. BlackRock, as the world's largest asset manager, entering the market will undoubtedly attract more institutional investors to Bitcoin, driving up its price. MicroStrategy, a company that has long been a strong supporter of Bitcoin, continues to increase its holdings, demonstrating its confidence in Bitcoin's future value. These two companies' massive purchases will further drive the development of the Bitcoin market and potentially bring new opportunities to the cryptocurrency industry.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
BlackRock
and
MicroStrategy
are
major
buyers
in
the
bitcoin
market
BlackRock
purchased
US
$50
billion
worth
of
bitcoin
in
2024
MicroStrategy
purchased
US
$24
billion
worth
of
bitcoin
in
2024
BlackRock
and
MicroStrategy
purchased
a
total
of
US
$74
billion
worth
of
bitcoin
in
2024