BlackRock: Sovereign Funds Boost Bitcoin Buying Amid Price Dip

The post BlackRock: Sovereign Funds Boost Bitcoin Buying Amid Price Dip appeared first on Coinpedia Fintech News

BlackRock CEO Larry Fink revealed that a number of unnamed sovereign funds have been steadily adding to their Bitcoin holdings. He said these funds increased their buying as Bitcoin pulled back from its $126,000 peak, picking up even more once the price slipped into the $80,000 range. Fink noted that their approach is gradual and focused on long-term accumulation. His comments show that major institutional players are using market dips as opportunities to grow their Bitcoin exposure.