Author: Ken Ng

In a decisive show of confidence in Bitcoin’s long-term value, BlackRock has purchased approximately 12,500 BTC, amounting to a staggering $1.16 billion investment. This move further solidifies its dominance in the cryptocurrency space, particularly as the leader of the iShares Bitcoin Trust (IBIT). This acquisition was confirmed through blockchain transaction tracking and later cited by Blockchain.News, where analysts highlighted the scale and timing of the purchase. Institutional Confidence Peaks This latest investment comes at a strategic moment: shortly after the U.S. Federal Reserve announced that banks no longer need prior notification to engage in Bitcoin-related activities. This policy shift sent…