NEWSLETTER
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Blackrock made an important movement buying $ 276.16 million in ethereum on February 4.
The Blackrock asset management giant acquired approximately $ 276.16 million in ethereum (eth) on February 4, as <a target="_blank" rel="nofollow" href="https://x.com/rovercrc/status/1887022342771183637″ target=”_blank”>Reported by crypto Rover in x.
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This acquisition is part of the continuous expansion of Blackrock of its ethereum holdings in recent weeks. On January 31, the company bought <a target="_blank" rel="nofollow" href="https://x.com/whaleinsider/status/1885369796503445614″ target=”_blank”>24,529 eth worth $ 83.24 million, followed by another <a target="_blank" rel="nofollow" href="https://x.com/whaleinsider/status/1885608830391742490″ target=”_blank”>17,261 eth For a value of $ 56.65 million on February 1, which bears its total acquisition of two days to 41,790 eth worth $ 128.3 million.
These purchases follow a massive ethereum purchase of $ 500 million made by Blackrock and Fidelity in the course of 48 hours on December 12 through Coinbase Prime.
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Blackrock's participation with ethereum began after him filed With the SEC for a spot ethereum ETF in November last year, as reported by the block. The Blackrock CEO, Larry Fink <a target="_blank" href="https://www.theblock.co/post/272274/blackrock-ceo-larry-fink-sees-value-in-spot-ethereum-etf-following-bitcoin-launch?utm_source=chatgpt.com” target=”_blank” rel=”nofollow”>voiced Trust in ethereum's potential, seeing it not as a currency but as a valuable active Blockchain.
The eth price has not shown a significant reaction to this development. As of February 5, approximately $ 2800 is quoted, which reflects only a change of 1% compared to the previous day.
