MicroStrategy Surpasses BlackRock in Bitcoin Holdings

MicroStrategy has made significant strides in accumulating bitcoin holdings, surpassing BlackRock's iShares Bitcoin Trust for the first time since Q2 2024. The company's strategy of leveraging financial engineering and new capital tools has paid off, with its perpetual preferred equity STRC playing a key role in funding recent purchases.

The latest acquisition saw MicroStrategy add 34,164 BTC to its portfolio, bringing its total holdings to 815,061 BTC. This marks the third-largest purchase on record for the company and cements its position as the largest publicly traded holder of bitcoin.

BlackRock's iShares Bitcoin Trust currently holds 802,824 BTC, leaving MicroStrategy ahead by over 12,000 BTC. While the gap may not be significant in relative terms, it is a notable milestone given IBIT's rapid growth since its launch.