Major Institutions Invest $100 Billion in Bitcoin: BlackRock, MicroStrategy, and Fidelity Lead the Charge

COINOTAG News reported on January 11 that recent data from Arkham indicates BlackRock, MicroStrategy, and Fidelity have amassed a staggering total of approximately $100 billion in Bitcoin. Among these, BlackRock stands out as the leading player, having acquired a substantial $50 billion of BTC. Following closely, MicroStrategy has strategically invested $24 billion in the cryptocurrency market, while Fidelity has made a significant approach with its $20 billion investment. This notable influx of capital is likely to create substantial buying pressure, influencing Bitcoin’s price movements amid the current bullish trend. Furthermore, these significant acquisitions may also affect over-the-counter trades, potentially amplifying the volatility in BTC prices during this critical market phase.