Strategy, formerly MicroStrategy, is closing in on BlackRock’s Bitcoin holdings and could overtake the asset manager within a week based on its current buying pace.
BlackRock currently holds about 784,061 BTC through its iShares Bitcoin Trust, while Strategy holds approximately 761,068 BTC, leaving a gap of roughly 23,000 BTC.
At its recent acquisition rate of more than 22,000 BTC per week, Strategy could nearly close the gap in a single buying cycle.
The company has aggressively accumulated Bitcoin since 2020, positioning itself as the largest corporate holder and offering indirect exposure through its shares.
Unlike BlackRock, which holds Bitcoin on behalf of ETF investors, Strategy owns its Bitcoin directly as part of its corporate treasury strategy.
Analysts have described Strategy as a “Bitcoin central bank of last resort,” reflecting its role in absorbing supply and shaping market dynamics.
However, continued inflows into BlackRock’s ETF could widen the gap, meaning Strategy must sustain or increase its pace to overtake.
The competition highlights how institutional players are increasingly dominating Bitcoin ownership, with both entities now controlling a significant share of total supply.
At the time of reporting, Bitcoin price was $74,464.72.