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.
BlackRock’s iShares Bitcoin Trust (IBIT) has officially crossed the 700,000 BTC mark, reinforcing its position as one of the fastest-growing exchange-traded funds in financial history.
Bitcoin may be gearing up for a significant move as its volatility continues to tighten, according to on-chain insights from crypto analyst Axel Adler.
Two major developments are converging in July that could shape the future of Bitcoin in the United States—both tied to President Trump’s administration and its expanding crypto agenda.
Digital asset investment products recorded $1.04 billion in inflows last week, pushing total assets under management (AuM) to a record high of $188 billion, according to the latest report from CoinShares.