BlackRock Buys 1,000 BTC Worth $84 Million from Coinbase for Its Spot ETF

BlackRock Inc. has purchased $84 million worth of Bitcoin for its spot Bitcoin exchange-traded fund (ETF). The acquisition was made from Coinbase, with BlackRock buying 1,000 BTC from Coinbase Prime wallets. This move comes as Bitcoin holds strong near a price of $88,000, indicating BlackRock’s continued interest in accumulating Bitcoin as part of its investment portfolio. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io