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Reading: Crypto Power Play: BlackRock Goes Big With Major Bitcoin And Ethereum Purchase
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The cryptonews hub > Blog > Market > Crypto Power Play: BlackRock Goes Big With Major Bitcoin And Ethereum Purchase
Market

Crypto Power Play: BlackRock Goes Big With Major Bitcoin And Ethereum Purchase

Crypto Team
Last updated: August 29, 2025 5:00 am
Crypto Team
Published: August 29, 2025
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wp header logo 2852 Crypto Power Play: BlackRock Goes Big With Major Bitcoin And Ethereum Purchase

The report reveals that BlackRock bought about 413 BTC valued at $46 million, along with 73,864 ETH for a staggering $342 million on August 27. Prior to this huge purchase, the asset manager made another acquisition of 568 BTC for approximately $62.6 million, and 65,901 ETH valued at $292.6 million.

Data from the leading on-chain platform shows that there are now 13 more wallets holding 1,000 BTC, bringing the total to 2,087 wallets. Meanwhile, for Ethereum, there is now a total of 1,275 wallets holding 10,000 ETH following an additional 48 new wallets.

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At the time of writing, BTC and ETH were trading at $113,182 and $4,573, respectively, in the last 24 hours. While ETH’s trading volume has declined by over 13% in the past day, BTC’s trading volume is experiencing a slight upswing of nearly 5%.

source

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