BlackRock's Bitcoin ETF Just Overtook Michael Saylor's MSTR — Now Holds Nearly 700,000 BTC

BlackRock Inc.‘sBLKiShares Bitcoin TrustIBIThas surpassedStrategy Inc.‘sMSTRBitcoinBTC/USDholdings, accumulating nearly 700,000 BTC worth approximately $75.8 billion and capturing 3.32% of Bitcoin’s total supply, according to Bitcoin Treasuries data.What Happened: The milestone marks a significant shift in corporate Bitcoin ownership after just 18 months of trading.ETF InstituteCo-FounderNate Geracicalled the achievement “ridiculous” in a Monday X post, highlighting IBIT’s rapid accumulation pace.MicroStrategy, led by Executive ChairmanMichael Saylor, holds 597,325 BTC valued at $64.8 billion with an average cost basis of $70,982 per coin. The business intelligence firm pioneered the corporate Bitcoin treasury strategy and maintains $22.6 billion inunrealized profits from its $42.4 billion investment.See Also:US Stocks Likely To Open Mixed As Trump Issues Tariff Letters: Experts Peg AI Investments As ‘Durable Drivers Of Returns’Why It Matters: IBIT now generates an estimated $187.2 million in annual fees,surpassing revenue from BlackRock’s Core S&P 500 ETF, according toVanEck‘s Head of Digital Assets ResearchMatthew Sigel. The Bitcoin ETF commands 55% of the Bitcoin ETF market share with over $52 billion in cumulative inflows.MicroStrategy announced Monday a $4.2 billion at-the-market offering of Series A Perpetual Stride Preferred Stock to fund additional Bitcoin purchases. The move is part of the company’s expanded “42/42” capital plan targeting $84 billion in Bitcoin acquisitions by 2027,which is 38% complete.The corporate Bitcoin landscape continues evolving as Japanese tech companyMetaplanetrecently surpassedCoinbase Global Inc.‘sCOINholdings with 10,000 BTC, demonstrating growing institutional adoptionbeyond traditional treasury strategies.Loading...Loading...Read Next:Is China Dodging US Tariffs? Direct Exports To America Plunge 43% As Vietnam And Indonesia See Big Spurts: ReportDisclaimer:This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.Photo courtesy: Tada Images / Shutterstock.com$BTCBitcoin$108937.000.60%Stock Score Locked: Want to See it?Benzinga Rankings give you vital metrics on any stock – anytime.Reveal Full ScoreEdge RankingsMomentum95.92Price TrendShortMediumLongOverviewBLKBlackRock Inc$1075.97-%COINCoinbase Global Inc$360.570.97%FBTCFidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest$94.650.34%IBITiShares Bitcoin Trust$61.820.68%MSTRStrategy$399.811.05%Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. . .Posted In:CryptocurrencyEquitiesNewsMarketsETFsbenzinga neuroMichael Saylor