BlackRock and MARA Acquire 9173 BTC Amid Bitcoin’s Dip Below $100,000

On December 5, BlackRock and MARA Holdings purchased 7750 BTC and 1423 BTC respectively, while an unknown whale acquired 600 BTC as the leading cryptocurrency’s price fell to $90,500.

That day, Bitcoin’s decline exceeded 13% at its lowest point, with the price plummeting from an all-time high above $104,000 to $90,500, before rebounding to $98,000.

On December 5, inflows into BlackRock’s IShares Bitcoin Trust ETF (IBIT) amounted to $770.5 million, ensuring positive dynamics for all similar products overall ($766.7 million).

The structure’s assets under management reached $51.46 billion—nearly half of the sector’s total ($109.2 billion).

“The fastest-growing ETF in history,” noted Apollo founder Thomas Farrer.

? Blackrock Buys 7750 #Bitcoin

They hold over $50 Billion in Assets.

Fastest growing ETF EVER! ? pic.twitter.com/uJU9MLTlTb

— Thomas | heyapollo.com (@thomas_fahrer) December 6, 2024

MARA’s Bitcoin purchases followed the closure of a second convertible bond issuance worth $850 million.

According to Arkham Intelligence, the company increased its Bitcoin reserves to 22,114 BTC ($2.17 billion)—a 162% rise from the previous month.

Since July, MARA has adhered to a “full hodl” strategy. This approach involves retaining mined coins with further strategic acquisitions of the asset, funded by cash and capital raising.

Lookonchain experts also noted high activity from an unknown whale. Since November 24, the major player acquired 1300 BTC ($127 million), including 600 BTC ($58.85 million) on December 5.

The day before, Semler Scientific added 303 BTC to its balance at an average price of $96,779.

On December 5, Donald Trump congratulated the crypto community on Bitcoin’s price surpassing the $100,000 mark.