BlackRock Inc. (NYSE: BLK), the world's top asset manager,
which controls an astonishing $9 trillion, invested in two publicly
traded cryptocurrency mining companies
What Happened: BlackRock's Form 13F SEC filings reveal that it
has acquired stakes in cryptocurrency mining firms Marathon Digital
Holdings (NASDAQ:MARA) and Riot Blockchain Inc. (NASDAQ:RIOT).
More precisely, the asset management behemoth acquired 6.71%
of Marathon Digital Holdings, equivalent to about $207 million, and
6.61% of Riot Blockchain, equivalent to about $175 million.
Posted by retirefire on 20th of Aug 2021 at 01:21 pm
BlackRock: 9 trillion buys a lot of influence .... The
Chairman of the BlackRock Investment Institute, Tom Donilon, the
guy who tells the $8.7 trillion investment firm BlackRock where to
put their money, has a brother (Mike) who is the Senior Advisor to
Joe Biden; has a wife (Catherine Russell) who is the White House
Personnel Director; and has a daughter (Sarah Donilon) who is now
on the National Security Council.
retirefire - "It's a big club and we ain't in it."
On a TA note of MARA. If you look at the weekly chart, the
low for the week is right at the 9/20 intersection, then nice move
up. Funny how those charts seems to be in the right place at the
right time for news events ;-)
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BlackRock Inc. (NYSE: BLK), the world's
Posted by craigm on 20th of Aug 2021 at 12:11 pm
BlackRock Inc. (NYSE: BLK), the world's top asset manager, which controls an astonishing $9 trillion, invested in two publicly traded cryptocurrency mining companies
What Happened: BlackRock's Form 13F SEC filings reveal that it has acquired stakes in cryptocurrency mining firms Marathon Digital Holdings (NASDAQ:MARA) and Riot Blockchain Inc. (NASDAQ:RIOT). More precisely, the asset management behemoth acquired 6.71% of Marathon Digital Holdings, equivalent to about $207 million, and 6.61% of Riot Blockchain, equivalent to about $175 million.
BlackRock: 9 trillion buys a
Posted by retirefire on 20th of Aug 2021 at 01:21 pm
BlackRock: 9 trillion buys a lot of influence .... The Chairman of the BlackRock Investment Institute, Tom Donilon, the guy who tells the $8.7 trillion investment firm BlackRock where to put their money, has a brother (Mike) who is the Senior Advisor to Joe Biden; has a wife (Catherine Russell) who is the White House Personnel Director; and has a daughter (Sarah Donilon) who is now on the National Security Council.
retirefire - "It's a big
Posted by craigm on 20th of Aug 2021 at 01:26 pm
retirefire - "It's a big club and we ain't in it."
On a TA note of MARA. If you look at the weekly chart, the low for the week is right at the 9/20 intersection, then nice move up. Funny how those charts seems to be in the right place at the right time for news events ;-)