BlackRock just acquired $276.16 million worth of Ethereum
Blackrock made a major decision by buying $ 276.16 million from Ethereum on February 4.
The BlackRock asset management giant has acquired around $ 276.16 million from Ethereum (Ethn) February 4, as reported by Crypto Rover on x.
This acquisition is part of the continuous expansion of BlackRock of his Ethereum assets in recent weeks. On January 31, the company bought 24,529 ETH worth $ 83.24 million, followed by another 17,261 ETH Was worth 56.65 million dollars on February 1, which brought its total acquisition of two days to 41,790 ETH worth $ 128.3 million.
These purchases follow a Massive Ethereum purchase of $ 500 million Made by BlackRock and Fidelity in 48 hours on December 12 via Coinbase Prime.
Blackrock involvement with Ethereum launched after that laid With the dry for an ETF ETF spot in November from last year, as the block reported. Blackrock CEO, Larry Fink, has expressed Confidence in Ethereum’s potential, considering it not as a currency but as a precious active in blockchain.
The price of ETH has not shown a significant reaction to this evolution. As of February 5, it was traded at around $ 2,800, reflecting only a variation of 1% compared to the day before.
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