Blackstone’s IBIT Purchase Marks Entry Into Crypto Markets

TL;DR Blackstone, the world’s largest alternative asset manager, disclosed its first-ever cryptocurrency investment by acquiring 23,094 shares of BlackRock’s spot Bitcoin ETF (IBIT), valued at approximately $1. 08 million. The investment was added to Blackstone’s Alternative Multi-Strategy Fund (BTMIX), which manages over $2. 6 billion in assets source: https://crypto-economy.com/blackstones-ibit-purchase-marks-entry-into-crypto-markets/