Strategy overtakes BlackRock IBIT in bitcoin holdings after bear market buying
CoinDesk·4h ago·Neutral
What Happened
MicroStrategy now holds 815,061 BTC, surpassing BlackRock's iShares Bitcoin Trust's 802,824 BTC for the first time since Q2 2024. MicroStrategy recently purchased 34,164 BTC during market weakness. Despite symbolic importance, the difference remains marginal. MicroStrategy uses leverage via equity issuance and convertible debt to accumulate bitcoin, while IBIT operates as a passive spot ETF tracking bitcoin's price without leverage.
Key Entities
MicroStrategy (MSTR)BlackRock iShares Bitcoin Trust (IBIT)Bitcoin (BTC)815,061 BTC802,824 BTC34,164 BTC purchase