Strategy (MSTR) Is About To Own More Bitcoin Than BlackRock

"IBIT holdings rise and fall based on investor inflows and outflows into its spot ETF, while Strategy raises capital through equity and preferred share issuance to fund direct Bitcoin purchases. This allows Strategy to acquire Bitcoin independent of ETF demand cycles."

"Over the first two weeks of March 2026, Strategy acquired 40,332 BTC and posted a 3.0% yield, reinforcing its aggressive treasury approach, according to Michael Saylor. Year to date, the firm has accumulated 88,568 BTC with a 3.4% yield, signaling sustained momentum behind its balance sheet transformation."

"Bitcoin has posted eight consecutive days of gains, a rare streak seen only 15 times since its creation, with past instances delivering a median 30-day return of about 19%, according to Bitcoin Magazine Pro data."

MicroStrategy (MSTR) is closing the gap with BlackRock's iShares Bitcoin Trust (IBIT) in Bitcoin holdings. IBIT currently holds approximately 781,000 BTC while MSTR holds about 761,000 BTC, a difference of roughly 40,000 BTC. The two entities employ different acquisition models: IBIT's holdings fluctuate based on investor inflows and outflows into its spot ETF, whereas MSTR raises capital through equity and preferred share issuance to fund direct Bitcoin purchases. This allows MSTR to accumulate Bitcoin independent of ETF demand cycles. Recently, MSTR has accelerated its acquisition pace, including two multibillion-dollar purchases in March and a purchase of 2,337 Bitcoin for approximately $1.57 billion last week. Year-to-date, MSTR has accumulated 88,568 BTC with a 3.4% yield, demonstrating sustained momentum in its balance sheet transformation strategy.

Read at Bitcoin Magazine