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As Bitcoin briefly dipped to $92,957 on December 5, institutional buyers seized the opportunity to bolster their reserves. BlackRock and MARA Holdings led the charge, accumulating a combined 9,173 BTC, worth nearly $897 million at the time of purchase.
BlackRock, the world’s largest asset manager, acquired a staggering 7,750 BTC. This purchase, driven by strong demand for its spot Bitcoin ETFs, brings the firm’s total Bitcoin holdings to $48.9 billion, according to Arkham Intelligence. Thomas Fahrer, founder of Apollo, described BlackRock’s ETF as the “fastest-growing ETF ever.”
Meanwhile, mining giant MARA Holdings added 1,423 BTC to its treasury over two days. The acquisitions followed the firm’s $850 million convertible note offering, which was earmarked for expanding Bitcoin reserves. MARA now holds 22,108 Bitcoin, valued at $2.17 billion—a significant 162% increase from its holdings just a month ago. The company recently adopted a policy to retain all mined crypto and leverage capital market strategies akin to MicroStrategy’s approach.
Capitalizing the Bitcoin Dip
An anonymous crypto whale also took advantage of the price dip, purchasing 600 BTC worth $58.9 million, according to Lookonchain. This wallet, which had no Bitcoin holdings before November 24, now shows signs of strategic accumulation.
Health-tech firm Semler Scientific joined the Bitcoin-stacking spree, buying 303 BTC at an average price of $96,779 on December 4. This acquisition pushed its holdings to 1,873 BTC, valued at $182.8 million.
Publicly listed BTC-holding firms collectively own 527,026 BTC, representing 2.66% of the cryptocurrency’s current supply. Private firms and asset managers follow with holdings of 410,418 BTC and 1,253 BTC, respectively.
Institutional Confidence Amid Market Volatility
Despite a 4.9% price decline over 24 hours, Bitcoin’s institutional demand underscores growing confidence in the asset’s long-term value. With firms like BlackRock and MARA leading acquisitions, the trend of corporate Bitcoin stacking appears resilient, even as market fluctuations test retail and institutional sentiment.
As BTC traded at $97,580 at the time of writing, the accumulation by major players hints at strategic positioning.
The post BlackRock and MARA Lead Bitcoin Accumulation as Price Dips Below $93K appeared first on TheCoinrise.com.