On February 28th, the price of one bitcoin was $64,000.

Blackrock held 151,000 bitcoins for clients.

Today, the price of one bitcoin is $64,000.

Blackrock holds 336,000 bitcoins for clients.

Same price, over double the holdings. I don’t know whether to be impressed or concerned 😅

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Discussion

It is confounding. Something is gonna give … you’d think soon … and the price action should be to the upside.