BlackRock CEO: Unnamed sovereign wealth fund is buying BTC amid correction

BlackRock CEO Larry Fink stated that an undisclosed sovereign wealth fund is purchasing Bitcoin amid the recent price decline, Forbes reported from a DealBook event. Fink added that numerous sovereign wealth funds are currently waiting to buy Bitcoin and have begun to gradually accumulate the asset after its significant correction from a new all-time high of $126,000. Previously, CoinNess reported that Abu Dhabi's sovereign wealth fund, Mubadala, is an investor in BlackRock's IBIT.