3 Altcoins BlackRock HODLs You Should Know About

BlackRock is becoming more pro-crypto with its growing portfolio featuring Bitcoin, Ethereum, and these three altcoins

Unlike what many know, BlackRock Inc. has more stakes in the crypto ecosystem than many know. Beyond its exposure to Bitcoin (BTC), Ethereum (ETH), and USDC, the asset manager also holds some altcoins in its portfolio.

UBXS: Real Estate Meets Blockchain

As revealed by Arkham Intelligence on X, BlackRock, with over $10 trillion in Assets Under Management, has stakes in UBXS utility token, Mog Coin (MOG), a memecoin, and SPX6900 (SPX).

The UBXS token from Bixos aims to integrate the physical and virtual worlds through a blockchain application in real estate. According to Arkham Intelligence data, BlackRock has $31,100 worth of UBXS tokens in its portfolio. 

The UBXS platform is a decentralized real estate investment protocol meant to enable the tokenization of real estate assets. With this, users can invest in properties through blockchain technology.

Experts say the real estate sector is a suitable investment area with a market capitalization of over $100 trillion. Given Bixos’ ambition to transform real estate ownership and transactions with Web 3.0 solutions, many are betting on the token’s appreciation. 

The BlackRock staked claim is considered a validation for the digital currency.

Why is BlackRock Betting on MOG and SPX?

MOG seeks to dominate the meme space with hilarious and intriguing memes to distinguish itself in the ecosystem. 

MOG has recorded an astronomical 9814.46% growth over the past year since its launch. Market watchers believe the token has cracked the memecoin world and may be up to something. If the project’s visions come to light, BlackRock might benefit from its $13,140 bet in the asset.

MOG thrives on community strength, just like Shiba Inu (SHIB) and Dogecoin (DOGE). Additionally, it is a highly speculative investment as it lacks an intrinsic use case. BlackRock 

The third project with BlackRock’s interest is SPX of which the firm has invested $41,002. The token has continued to gain ground in the crypto space lately. 

Its price metric shows it soared by over 40% within 24 hours and a staggering 500% in the past seven days. As of writing, SPX traded at $0.6662, up by 31.23%. This has made it a token of interest to investors willing to risk some funds on it for the long term.

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