BlackRock owns a good amount of shares in four of the five largest Bitcoin mining companies in the US. They also have shares in MicroStrategy, which is led by Michael Saylor. BlackRock wants to make a Bitcoin ETF, but they’re waiting for the SEC to say yes.
Big investment company BlackRock might be more interested in Bitcoin than it’s saying. They want to make Bitcoin ETFs and might be connected to Bitcoin mining too.
A report says BlackRock owns a lot of shares in four out of the five biggest Bitcoin mining firms in the US. These firms are Riot Blockchain, Marathon, Cipher Mining, and TeraWulf.
NEW: 🇺🇸 Blackrock is a majority shareholder in 4 out of the 5 largest #Bitcoin miners 👀😲 pic.twitter.com/tt6FAXVwfn
— Bitcoin News (@BitcoinNewsCom) August 27, 2023
BlackRock’s Bitcoin Investments and Changing Attitude
Data from Bitcoin News and CNN Business shows that BlackRock is putting more money into Bitcoin mining companies. For example, with Cipher Mining, they have 2.2 million shares, which they increased by almost 19%.
Even though BlackRock is investing more, The Vanguard Group, another big investment company, owns more shares in these Bitcoin mining firms.
To be clear, BlackRock doesn’t own the most shares in these mining companies.
Before, BlackRock wasn’t talking much about cryptocurrency, and sometimes they weren’t happy about it. But now things have changed, especially this year. They want to make a Bitcoin ETF.
Also, BlackRock owns part of MicroStrategy, which has a lot of bitcoins. BlackRock owns 15.24% of MicroStrategy.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News
