Investment firms have shown a vigorous appetite for Bitcoin as the cryptocurrency experienced a decline in price to $92,957 on December 5. BlackRock and MARA Holdings played pivotal roles in this recent accumulation, acquiring a significant total of 9,173 Bitcoin between them.
Specifically, BlackRock added an impressive 7,750 Bitcoin , driven by increased demand for shares of its spot Bitcoin exchange-traded fund. With this latest acquisition, BlackRock’s total Bitcoin holdings have surged to approximately $48.9 billion. This performance reinforces the fund’s position in the rapidly expanding ETF market.
In parallel, Bitcoin mining company MARA Holdings purchased 1,423 Bitcoin , valued at around $139.5 million. This acquisition occurred over four transactions conducted between December 5 and 6 and closely followed MARA’s completion of an $850 million convertible note offering, aimed at enhancing its Bitcoin stash. Currently, MARA’s Bitcoin holdings have reached 22,108 Bitcoin , worth about $2.17 billion, reflecting a remarkable 162% increase from the previous month.
Additionally, an anonymous crypto investor capitalized on the market dip by acquiring 600 Bitcoin worth approximately $58.85 million on December 5. This investor had no prior Bitcoin in their wallet until they made their first transaction on November 24.
On the corporate front, healthcare technology company Semler Scientific also expanded its Bitcoin holdings, purchasing 303 Bitcoin at an average price of $96,779 just one day before Bitcoin briefly surpassed the $100,000 level. This brought Semler’s total Bitcoin to 1,873, valued at about $182.8 million.
Overall, public companies now hold a total of 527,026 Bitcoin , constituting roughly 2.66% of the entire supply. While various entities have amassed considerable amounts, Bitcoin is currently trading at approximately $97,580, reflecting a 4.9% decrease in the last 24 hours, according to CoinMarketCap data.
