Strategy and BlackRock Accumulate 1.3 Million Bitcoin, 6% of Total Supply

Strategy, formerly known as MicroStrategy, and BlackRock are currently the largest known institutional holders of Bitcoin (BTC), with their holdings being nearly equal. According to the latest data, Strategy has accumulated approximately 592,100 BTC, valued at over $63.3 billion at the time of reporting. In contrast, BlackRock controls 669,523 BTC, valued at approximately $71.41 billion, through its iShares Bitcoin Trust (IBIT).

Strategy's latest disclosed purchase involved acquiring 10,100 Bitcoin for $1 billion at an average price of $104,080 per coin. This purchase occurred during a period of market volatility triggered by escalating tensions between Israel and Iran, as Bitcoin dropped from $110,000 to an intraweek low of $103,639. The deal puts Strategy’s year-to-date Bitcoin yield at 19.1%, much closer to the company’s target of 25% by the end of 2025.

Meanwhile, BlackRock has also been steadily building its BTC position, buying a staggering $1.1 billion worth of Bitcoin in recent weeks. The two institutions have different approaches to accumulating Bitcoin. Strategy operates as a corporate treasury play, with CEO Michael Saylor positioning Bitcoin as the company’s primary asset and using various financing methods to acquire more. The company recently debuted its third Bitcoin-backed preferred stock, STRD, on Nasdaq to raise an additional $250 million for further Bitcoin purchases.

BlackRock, on the other hand, accumulates Bitcoin through its exchange-traded fund (ETF) structure, pooling investor capital to build massive positions. The firm aims to become the world’s leading digital asset manager by 2030, aiming to manage at least $50 billion in crypto within five years. As both institutions maintain their aggressive Bitcoin accumulation strategies, the frontrunner may keep shifting. What’s certain is that together, BlackRock and Strategy now control over 1.3 million Bitcoin, representing roughly 6% of the total supply and demonstrating the massive institutional adoption that has transformed the entire crypto sector.