BlackRock, Goldman Sachs, and Fidelity Increase Bitcoin Holdings, UAE and Other Countries Also Join the Buying Spree

On May 10, it was reported that BlackRock increased its Bitcoin holdings by purchasing twice, each worth $69 million, acquiring a total of 682 BTC, with a recent total investment of $138 million. This marks BlackRock's 18 consecutive days of investing in Bitcoin. Goldman Sachs disclosed holding $1.65 billion worth of Bitcoin through ETFs, becoming the largest holder of BlackRock's IBIT globally, with 30.8 million shares valued at $1.4 billion. Since December last year, the company has increased its IBIT holdings by 6.8 million shares and holds 3.47 million shares of FBTC valued at $250 million. Fidelity also purchased $35.3 million worth of Bitcoin. On the same day, BlackRock and Fidelity jointly invested $104.3 million in Bitcoin. Previously, BlackRock boldly acquired 47,064 BTC worth $4.44 billion, after which Bitcoin surpassed $100,000. Additionally, the founder of Neoclassic Capital revealed on CNBC that the UAE and many other countries are also purchasing Bitcoin.