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THE WORLD'S LARGEST INVESTMENT COMPANY INCREASES SHARE IN MINING

Forbes: BlackRock raises shares in mining companies to $383 million

Investment company BlackRock, which manages $9 trillion in assets, has gained stakes in two miners: Marathon Digital Holdings and Riot Blockchain. Forbes reports this regarding reporting for the US Securities and Exchange Commission (SEC) dated June 30.

The total investment in both companies was $382.9 million. BlackRock now holds 6.71% of Marathon Digital Holdings and 6.61% of Riot Blockchain. In early August, the Fidelity Group and Vanguard Group announced their stakes in mining companies.

In January, BlackRock sent a statement to the SEC, from which it became known that two of its funds - BlackRock Funds V and BlackRock Global Allocation Fund - are considering trading Bitcoin futures. Then the company first announced its interest in cryptocurrency.

In April, BlackRock began trading Bitcoin, trades in futures on the Chicago Mercantile Exchange (CME). In April, the company held 37 contracts with an expiration date of March 26th. Their par value was $6.1 million, and their unrealized profit was $ 360,000.



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