BlackRock, Micro Strategy, and Fidelity have collectively purchased approximately $100 billion worth of Bitcoin

On January 11th, according to data platform Arkham Intelligence, BlackRock, Micro Strategy, and Fidelity have collectively purchased approximately $100 billion worth of Bitcoin. Specifically, BlackRock, the world’s largest asset management company, purchased $50 billion, while Micro Strategy Company successfully accumulated $24 billion worth of BTC. After acquiring BTC worth $20 billion, Fidelity is now at the low end. This enormous purchasing pressure, even in over-the-counter trading, may affect the price of BTC in a sustained bull market.