On December 5, 2024, BlackRock and MARA Holdings made headlines by purchasing a combined total of 9,173 Bitcoin as the cryptocurrency's price dipped to $92,957.

MARA Holdings specifically acquired 1,423 Bitcoin worth $139.5 million through four transactions between December 5 and 6, following the successful closure of an $850 million convertible note offering.

As of December 6, 2024, Bitcoin's trading price is $97,580, reflecting a 4.9% decrease over the last 24 hours.

BlackRock's acquisition included 7,750 Bitcoin, bringing its total holdings to $48.9 billion, driven by strong demand for its spot Bitcoin exchange-traded fund (ETF).

Thomas Fahrer, founder of Apollo, has described BlackRock's ETF as the 'Fastest growing ETF EVER,' highlighting its rapid adoption in the market.

MARA's total Bitcoin holdings have surged to 22,108 Bitcoin, valued at approximately $2.17 billion, marking a remarkable 162% increase from the previous month.

In a strategic move, MARA adopted a new treasury policy in Q3 to retain all mined Bitcoin, mirroring the approach of MicroStrategy.

In addition to these major players, firms like Semler Scientific collectively hold 527,026 Bitcoin, which represents 2.66% of the total Bitcoin supply, according to Bitcoin Treasuries.

On December 4, healthcare tech firm Semler Scientific purchased 303 Bitcoin at an average price of $96,779, just before Bitcoin surpassed the $100,000 mark, increasing its total holdings to 1,873 Bitcoin valued at $182.8 million.

During the price decline on December 5, an anonymous crypto whale made a notable purchase of 600 Bitcoin for $58.85 million, marking its first transaction since November 24.