Global asset management firm BlackRock has made significant investments in Bitcoin (BTC) mining and has been involved in this sector for the past three years, according to a top analyst. The company has reportedly invested primarily in Marathon Digital, one of the largest publicly traded mining companies. The move by BlackRock reflects increasing recognition of Bitcoin’s environmental attributes and the potential for ESG-conscious institutional investors to view the asset more favorably. While the specific impact of Bitcoin’s ESG credentials in these investments is unclear, some level of ESG due diligence is likely to have been conducted.
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