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BlackRock may already be the third-largest bitcoin holder in the world
Public bitcoin data shows that a new bitcoin address has rapidly become the third-largest holder in the world, accruing more than 118,300 BTC worth more than $3 billion since May 5, 2023. Perspective: Blockchain analysts have reported that the bitcoin transfers to the address are coming from Gemini and noted that the first major transaction occurred exactly one month after BlackRock filed for its spot bitcoin exchange-traded fund (ETF), fueling speculation that the investment manager is behind this rapid accumulation. More details: As an OTC trading platform for bitcoin, Gemini would most likely send BTC to a wallet ... (full story)