Arkham reveals new data from Market Intelligence that Titan Blackrock Asset Management has bought billions of dollars from Bitcoin (BTC) with the closing of leading encryption assets at $ 100,000.
On a new topic on the social media platform X, Arkham He says This Blackrock, more than $ 11 trillion of management assets, bought $ 2.5 billion from BTC last week.
In his annual message to investors, the CEO of Blackrock Larry Fink suggests that Bitcoin may ever become a backup currency in the world, to replace the US dollar.
Fink says,
“The United States has benefited from the dollar that works as a backup currency in the world for decades. But this is not guaranteed to continue forever. The national debt has grown three times the pace of GDP since the Times Square debt watch began in 1989.
By 2030, compulsory government spending and debt service will consume all federal revenues, creating a permanent deficit. If the United States does not get its debts under control, if the deficit continues to swell, then America risks the loss of this position in front of digital assets such as Bitcoin. ”
At the same time, Arkham Notes The Riot Forms is traded in Bitcoin sells hundreds of BTC.
“RIOT mentioned that it sold 475 BTC in April for $ 38.8 million. During April, they moved exactly 475 BTC to NYDIG. [Monday]They just transferred another $ 6.7 million to NYDIG. Do they sell more this month? ”
Arkham data shows that the company’s portfolio now includes about 6,611 BTC, at a value of about $ 642 million at current prices.
At the time of this report, Bitcoin is traded at $ 97238.
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