Larry Fink, CEO of BlackRock, revealed that some unnamed sovereign funds are buying Bitcoin, and 'they bought more' when Bitcoin's price fell from its peak of $126,000. Larry Fink stated that these funds are buying in a 'gradual' manner and increased their positions when Bitcoin's price dropped to the $80,000 range, with the aim of establishing long-term positions. In recent months, sovereign funds from Abu Dhabi and Luxembourg have disclosed information about purchasing shares of BlackRock's IBIT Bitcoin ETF.