BlackRock Buys Another $505.7M in Bitcoin as ETF Assets Rebound

BlackRock has added $505.7 million of Bitcoin ($BTC) over the past 48 hours, lifting its total Bitcoin holdings to $59.31 billion. Clients are reported to have entered at an average price of about $89,000. Since the February 25 low, the total value of BlackRock"s ETF assets has recovered by more than $11 billion. The steady accumulation points to continued institutional demand even as broader markets contend with geopolitical volatility. Source: Arkham