BlackRock moved deeper into digital assets on 9 Aug 2025, executing on-chain purchases of about $631.8 million in ether and bitcoin, according to blockchain data compiled by multiple analytics platforms. Wallets attributed to the world’s largest asset manager bought 65,167 ether for roughly $271.8 million and 3,089 bitcoin valued near $360 million. The transactions were recorded as ether traded above $4,000, adding to a sharp rally in the second-largest cryptocurrency. The activity underscores accelerating institutional demand for crypto. Whale-tracking services estimate that unidentified funds accumulated more than 1.03 million ether—around $4.17 billion—during the past month, suggesting broader professional interest alongside BlackRock’s latest move.