BlackRock Buys $2.5 Billion Bitcoin In 7 Days: $100,000 Next?
According to Farside Investors, BlackRock’s IBIT Bitcoin (BTC) ETF purchased more than $2.5 billion worth of the cryptocurrency in the last week of April 2025. The world’s largest asset manager purchased $970.9 million worth of the cryptocurrency on Apr. 28. BlackRock’s buying spree coincides with BTC’s recent rally to the $95,000 price level. Also Read: Dogecoin: How High Can DOGE Rise Once Its ETF Goes Live? Source: Farside Investors BlackRock Pushes Bitcoin Past $95,000 Source: Watcher Guru The latest market rally is most likely due to institutional purchases. Most retail investors are likely sitting this rally out. BlackRock’s over $2.5 billion purchase may have pushed BTC’s price above $95,000 earlier today. Other bullish developments may have aided in BTC’s rally. The SEC has appointed pro-BTC candidate Paul Atkins as its head. Many anticipate a more relaxed environment for the crypto industry under his watch. Also Read: Bessent Says Inter...