A fierce contest is unfolding between two financial heavyweights—Strategy (formerly MicroStrategy) and BlackRock—as they battle for dominance over institutional Bitcoin holdings.
Together, they now command more than 1.3 million BTC, a staggering 6% of the total supply.
Strategy recently made waves with another billion-dollar purchase, adding 10,100 BTC during a market dip caused by geopolitical tensions.
That brings its total to 592,100 BTC, worth over $63 billion. The move keeps the firm on track toward its goal of a 25% annual yield on Bitcoin holdings.
BlackRock, meanwhile, has been aggressively building its Bitcoin position through its iShares Bitcoin Trust. Its ETF now manages more than 669,500 BTC, worth approximately $71 billion. The firm has attracted $1.1 billion in new inflows in just weeks, further solidifying its lead.
While Strategy finances its purchases directly and treats Bitcoin as its core treasury asset, BlackRock’s ETF structure allows it to scale exposure through client capital. With both firms showing no signs of slowing down, the contest for institutional crypto supremacy is just heating up.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
As Bitcoin continues to consolidate above $100K, a critical market signal is flashing: BTC funding rates remain elevated, even as price action cools.
Billionaire investor Ray Dalio, founder of Bridgewater Associates, has suggested that a balanced investment portfolio should include up to 15% allocation to gold or Bitcoin, though he remains personally more inclined toward the traditional asset.
With Bitcoin hovering near $119,000, traders are weighing their next move carefully. The question dominating the market now is simple: Buy the dip or wait for a cleaner setup?