BlackRock’s Bitcoin ETF Surpasses MicroStrategy’s BTC Holdings, Crossing $10B Mark

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Key Takeaways

  •  MicroStrategy, as of February 26, held 193,000 tokens while BlackRock’s IBIT currently holds 197,943 Bitcoin
  • On March 5, IBIT witnessed its highest daily inflow of $788 million

BlackRock’s spot Bitcoin exchange-traded fund (ETF) has achieved a remarkable feat, surpassing MicroStrategy’s holdings of the cryptocurrency. The ETF, known as IBIT, has crossed the $10 billion mark in assets under management (AUM), indicating its growing dominance in the market.

According to data from BitMEX Research, BlackRock’s IBIT currently holds 197,943 Bitcoin, valued at over $13.5 billion as of March 8. This milestone comes approximately 40 trading sessions after the Securities and Exchange Commission approved nine new funds on January 10.

The iShares Bitcoin Trust (IBIT) offers investors access to Bitcoin within a traditional brokerage account. Recent disclosures show that IBIT held 195,985 bitcoins on Friday, with significant inflows continuing to bolster its holdings. In comparison, MicroStrategy, as of February 26, held 193,000 tokens.

Arkham Intelligence data reveals that BlackRock recorded its highest-ever one-day on-chain inflow, with a substantial addition of 12,600 BTC worth $842 million to its portfolio.

MicroStrategy, however, continues to bolster its Bitcoin reserves, having purchased an additional 3,000 tokens for $155 million last month. CEO Michael Saylor revealed the details of the purchase, stating that the average price per BTC was $51,813. The company now holds a total of 193,000 BTC and has announced plans for a debt offering to raise over $600 million for further Bitcoin acquisitions.

BlackRock’s significant Bitcoin purchase coincides with the increasing inflow of Spot Bitcoin ETFs. On March 5, IBIT witnessed its highest daily inflow of $788 million, surpassing its previous record of $612.1 million. Since the launch of spot ETFs on January 11, IBIT has consistently added hundreds of millions of dollars worth of Bitcoin daily, solidifying its position as the largest among the new spot products.

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Saniya Raahath
Saniya Raahath

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