Key facts
- BlackRock has been approved to raise up to $120 billion.
- The funds will be allocated to a Bitcoin strategy.
- Treasury companies are reportedly showing increased interest.
BlackRock, a major asset manager, has secured approval to raise a substantial amount of capital, up to $120 billion, specifically for its Bitcoin strategy. This development indicates a growing trend of institutional adoption and investment in cryptocurrencies, with treasury companies reportedly exploring such opportunities.