BlackRock CEO Larry Fink has disclosed that unnamed sovereign funds are actively purchasing Bitcoin, particularly increasing their holdings as the cryptocurrency's price fell from a peak of $126,000. Fink noted that these funds are adopting a gradual buying strategy, adding more Bitcoin when prices dropped to the $80,000 range, aiming to establish long-term positions. Recently, sovereign funds from Abu Dhabi and Luxembourg have publicly announced their acquisition of shares in BlackRock's IBIT Bitcoin ETF.