{"id":141861,"date":"2023-09-01T20:45:03","date_gmt":"2023-09-01T15:15:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=141861"},"modified":"2023-09-01T20:45:03","modified_gmt":"2023-09-01T15:15:03","slug":"blackrocks-investments-in-bitcoin-mining-companies-revealed-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/blackrocks-investments-in-bitcoin-mining-companies-revealed-crypto-news\/","title":{"rendered":"Blackrock’s Investments In Bitcoin Mining Companies Revealed – Crypto News"},"content":{"rendered":"

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While the crypto market<\/a> is buoyant about the spot ETF filing by United States based investment management firm Blackrock, the firm is said to have a significant holdings in Bitcoin mining companies. In the past, it was reported that the likes of Fidelity and Vanguard too have purchased shares of BTC mining companies.<\/p>\n

Also Read: Ripple Vs SEC: Key Executives Signal Trial Readiness for Q2 2024<\/strong><\/a><\/p>\n

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Blackrock Investments In Bitcoin Mining Companies<\/h2>\n

The world\u2019s largest asset manager, Blackrock, is said to be holding more half a billions dollars worth of shares in Bitcoin mining companies, which also includes publicly listed companies. Greenpeace USA, an affiliate of environmental nonprofit organization Greenpeace International, had earlier in August 2023 revealed<\/a> findings from its research on Blackrock investments.<\/p>\n

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\u201cGreenpeace USA research finds that BlackRock controls nearly $600 million worth of shares in Bitcoin mining companies and has shares in most of the large publicly traded miners. These investments are vital for mining companies to access funding for their energy-intensive facilities.\u201d<\/p>\n<\/blockquote>\n

In a latest, some popular crypto Twitter accounts too have reported the same:<\/p>\n

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Just in:<\/p>\n

BlackRock has invested almost $400 million in Publicly Listed Bitcoin Mining Companies.<\/p>\n

\u2014 Kashif Raza (@simplykashif) August 24, 2023<\/a><\/p>\n<\/blockquote>\n

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The company had in 2022 launched a private Bitcoin trust, which let institutional investors gain exposure to the top cryptocurrency. In a recent development, the company filed for a spot Bitcoin ETF application with the U.S. Securities and Exchange Commission (SEC)<\/a>. Any chance of its approval in the near future could be an irreversibly bullish sign for the crypto asset market considering the massive reach the asset manager has across industries.<\/p>\n

Cost To Climate<\/h2>\n

Despite the economic prosperity Blackrock could bring to Bitcoin investors, Greenpeace argues that it could come at a \u201cSharp cost to the climate and the rest of society.\u201d It explained in the August 14, 2023 report that the top cryptocurrency\u2019s energy consumption and carbon emissions rise when the Bitcoin price<\/a> and trading volume goes up.<\/p>\n

Also Read: Will Bitcoin React To Jackson Hole Meeting, Jerome Powell Speech?<\/strong><\/a><\/p>\n

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Anvesh reports major crypto updates around regulation, lawsuits and trading trends. Published around 1,000 articles and counting on crypto and web 3.0. He is currently based in Hyderabad, India. Reach out to him at anvesh@coingape.com or twitter.com\/BitcoinReddy <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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While the crypto market is buoyant about the spot ETF filing by United States based investment management firm Blackrock, the firm is said to have a significant holdings in Bitcoin mining companies. In the past, it was reported that the likes of Fidelity and Vanguard too have purchased shares of BTC mining companies. Also Read: […]<\/p>\n","protected":false},"author":2,"featured_media":110190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-141861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141861"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141861\/revisions"}],"predecessor-version":[{"id":146824,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141861\/revisions\/146824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/110190"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}