In a significant move that underscores the growing institutional interest in cryptocurrencies, BlackRock, one of the world’s largest asset management firms, has become a major shareholder in the four largest Bitcoin miners globally. This development has caught the attention of the crypto community and investors alike, as it signals increasing mainstream acceptance of digital assets.
🚨 Breaking News 🚨#Blackrock now is a major share holder in the 4 largest #Bitcoin miners in the world.
They own 6.7% of Marathon Digital and 6.5% of RIOT.
I start DCA into $MARA here at 8.6 USD! Think of Mara as a leverage Bitcoin position without fee.
Not financial… pic.twitter.com/sjShkLGCLe
— Seth (@seth_fin) September 25, 2023
BlackRock’s latest investments include a 6.7% stake in Marathon Digital Holdings and a 6.5% holding in Riot Blockchain, two prominent players in the Bitcoin mining industry. This move is particularly noteworthy given BlackRock’s reputation as a conservative and influential financial institution.
One individual’s investment approach has also stirred interest within the crypto sphere. They have begun Dollar-Cost Averaging (DCA) into Marathon Digital Holdings (ticker: $MARA) at a price point of $8.6 USD per share. This strategic choice presents Mara as a leveraged Bitcoin position without additional fees, reflecting a unique investment strategy.
It’s crucial to note that this information is shared for transparency purposes and is not to be construed as financial advice. The investor emphasizes that their actions are a personal opinion, and individuals should not consider it as investment advice.
The impact of BlackRock’s investment in Bitcoin miners on Pi Network, a community-driven cryptocurrency project, lies in the broader context of institutional involvement in the crypto space. While Pi Network and Bitcoin operate within different realms of the cryptocurrency world, institutional interest in digital assets can influence the overall market sentiment and infrastructure.
Positive developments in the cryptocurrency space, such as institutional investments, can contribute to the legitimization and acceptance of digital currencies, potentially opening doors for innovative projects like Pi Network. As the crypto ecosystem continues to evolve, it remains essential for projects like Pi Network to adapt to changing market dynamics and opportunities created by increased institutional participation. READ MORE
