- BlackRock, the world’s largest asset manager, made significant Bitcoin acquisitions last week, buying $1 billion worth of BTC, according to Arkham Intelligence. The company has been steadily purchasing Bitcoin daily, typically in increments of 600 BTC, bringing its total holdings to 399,525 BTC. On Monday, BlackRock continued its buying spree, adding another $300 million in Bitcoin, or 4,369 BTC.
- Metaplanet now holds 1,018 BTC. The Japanese investment firm Metaplanet purchased 156.78 BTC on October 28, increasing its total Bitcoin holdings to 1,018.17 BTC, valued at approximately $68 million. This move makes Metaplanet Asia’s second-largest corporate Bitcoin holder, just behind Boyaa Interactive International, which holds 1100 BTC
- Pennsylvania passes a Bitcoin rights bill. The Pennsylvania House of Representatives has passed HB-2481, which establishes a regulatory framework protecting the self-custody of Bitcoin and Bitcoin payments. The bill exempts Bitcoin from additional taxes and affirms the right to run nodes. It received strong bipartisan support, passing with 176 votes in favor and 26 against. The bill now awaits approval from the Pennsylvania Senate and the signature of Governor Josh Shapiro to become law, reports BTC Times.
- Microsoft shareholders to vote on investing in Bitcoin during the December meeting
- Record Inflows: BlackRock’s IBIT Bitcoin ETF has attracted over $26 billion, marking it as the most successful new ETF in four years.
- Market Cap Milestone: Bitcoin’s market cap has reached approximately $1.19 trillion.
- Trading Volume: Bitcoin’s 24-hour trading volume is around $30 billion, indicating strong market activity.
- Long-Term Growth: Year-to-date, Bitcoin has increased by over 139%, showcasing its resilience and growth potential.
Bitcoin News: Metaplanet Purchases 156 BTC
