BlackRock, Goldman Sachs and Fidelity have increased their holdings of bitcoin, and countries such as the United Arab Emirates have also joined the buying ranks

On May 10, BlackRock increased its holdings of bitcoin through two purchases worth $69 million each, purchasing a total of 682 BTC, and the recent investment totaled $138 million. This marks the 18th consecutive day that BlackRock has injected capital into bitcoin.
Goldman Sachs has become the world's largest holder of BlackRock's IBIT, with $1.40 billion worth of 30.80 million shares, after revealing it holds $1.65 billion worth of bitcoin through an ETF. Since December, the firm has added 6.80 million shares of IBIT and 3.47 million shares of FBTC worth $250 million.
Fidelity also bought $35.30 million worth of bitcoin. On the same day, BlackRock and Fidelity jointly invested $104.30 million in bitcoin.
BlackRock had previously boldly acquired 47,064 BTC worth $4.44 billion, and Bitcoin has since topped $100,000. Additionally, the founder of Neoclassic Capital revealed on CNBC that the UAE and many other countries are also buying Bitcoin.