BlackRock and Fidelity Buy Over $4.5 Billion in Bitcoin, Ethereum as Bitcoin Surpasses $100K

BlackRock and Fidelity have made substantial purchases of Bitcoin and Ethereum in early May 2025, signaling strong institutional interest in cryptocurrencies. BlackRock acquired a total of approximately $4.44 billion worth of Bitcoin, including a notable purchase of 47,064 BTC before Bitcoin’s price surged past $100,000. In addition to Bitcoin, BlackRock also bought $17.6 million worth of Ethereum. Fidelity also increased its Bitcoin holdings with purchases totaling $125.3 million over recent days. These acquisitions occurred as Bitcoin’s price consolidated near $95,000 before breaking above the $100,000 mark, highlighting renewed confidence from major asset managers in the cryptocurrency market. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io